The cryptocurrency market started the new week calmly. However, it remains unclear what Super Tuesday will bring. The winner of the US elections may have different effects on the market. Amid this uncertainty, analysts are taking a longer-term view of the market. One analyst with a large following says the two altcoins have the potential to skyrocket up to 5x before this cycle ends. In addition, the analyst names 4 altcoins that he thinks will perform well in the bull market.
Altcoin Sherpa expects explosive moves from LINK and ALGO!
cryptokoin.comAs you follow from, when Bitcoin lost 70 thousand dollars, sales increased in the market. Thus, the altcoin market closed last week with a general decline. The crypto world, which started the new week with a horizontal outlook, is preparing for fluctuations. The analyst nicknamed Altcoin Sherpa says he is extremely bullish on the altcoin market. According to the analyst, even average altcoins will see huge price increases if conditions turn bullish for crypto. Specifically, the analyst thinks decentralized oracle network Chainlink (LINK) and layer-1 protocol Algorand (ALGO) will gain between 400% and 600% before the current cycle ends. In this context, the analyst makes the following statement:
Market average for sh*tcoins after this: probably around 3-5x for prices on the low end and 5-10x for prices on the high end for this cycle. So: If you buy just about anything at this point, I expect it to go up 3-5x. Here are two examples with LINK and ALGO.
Source: AltcoinSherpaBased on its chart, the analyst predicts that LINK will revisit ATH levels. This means an increase of over 350% for LINK. As for ALGO, Altcoin Sherpa is pointing at its ATH level of $3.56. This means a movement of over 300% for the token.
Source: AltcoinSherpa“ DOGE is taking a breather before the rise!”
The analyst also weighs in on the original meme coin Dogecoin (DOGE). Altcoin Sherpa says the altcoin is taking a breather before a new rise. In this context, the analyst said, “I think this is the bottom you want to see for DOGE. “There is a lot of fluctuation and a gap is forming.” he says. Meanwhile, at the time of writing, DOGE was trading at $0.1575.
Source: AltcoinSherpaAnalyst points to these tokens for the bull market
Altcoin Sherpa also notes other coins that he thinks will perform well when the market enters full bull territory. In this regard, the analyst
Mid-cap memes are getting a lot of mindshare, and I still think things like BONK/PEPE/WIF will probably outperform a large percentage of utility coins. But if you’re looking for benefits, I’d probably go for these:
- New cryptocurrencies like EIGEN.
- High volatility/legacy coins like FTM (+rebrand)
- New infra is coming out like Monad/Berachain
- New coins that only go up and down (never pumped) i.e. REZ, ZK and such
There are many different ways to play the upcoming bottom pump; Be flexible and prepared.
