One high-value altcoin is up at least 116%, trader says, updates forecasts for XRP, Cardano and Dogecoin
One widely followed analyst and trader weighs in on the top 30 altcoins by market cap while outlining the path forward for three other crypto assets.
The analyst is known as Sherpa He tells He told his 239,700 followers on social media platform
“…I still think HYPE is a great project and will hit $50+ later this cycle. It’s gone way too many novels and I have a bag of this (and I’m doing some trading just hoping to get more points). I wouldn’t rush to take a position here but expand further. Not one that gives you 10x at these current levels for this cycle in my opinion but can still be held safe.
Hyperliquid is trading at $23.16 at the time of writing.
Next is XRP. Noting that XRP is showing strength as it falls below its all-time high, Sherpa He says XRP is not ideal for long entries.
“For what it’s worth, I wouldn’t actually advise you to buy more in this current situation. It’s a previous all-time high and that’s a natural bounce point. I think you have to be patient with it. I’ll wait a little bit before I add, and I hope it goes down.”
Next is Cardano (ADA). analyst He says Cardano appears to be “very strong” on the weekly time frame and could continue to rise as long as other first-generation altcoins continue to rise.
Turn to Dogecoin (DOGE), Sherpa He says The largest memecoin by market cap is “still going strong.”
According to Sherpa, Dogecoin could trade in a range for a while before revisiting the 42-month high of around $0.485 reached in December.
Dogecoin is trading at $0.412 at the time of writing.
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