Trader Says Top-30 Decentralized Exchange Altcoin Could Surge by 150% if Bitcoin Remains ‘Healthy’
A closely followed analyst believes that a top-30 altcoin can put massive gains in the near term.
Pseudonymous analyst Altcoin Sherpa Says His 245,300 followers on the Social Media X platform that the utility utility token of the decentralized open hypenic system of Hyperliquid (Hype) can increase 150% from its current value as it prints a bullish pattern in the sun -sun chart.
“Buy a small position of hype per [April 30th];;;;;;;;;;;;;;;;;;;;;;; Not sure how long I would hold. Still one of the best utility coins and projects outside and slowly grinding higher. Not surprisingly to see it go to $ 50 or what if BTC [and] Trade conditions remain healthy. “
Hype traded at $ 20.10 at the time of writing, up to 6.3% in the last 24 hours.
The analyst also suggests The traditional four -year crypto cycle is likely to end, and ALTs can begin to adhere to a different price pattern.
The four -year cycle is based on the idea that the crypto follows the halvings of Bitcoin when the rewards of BTC miners are cut in half, which occurs almost every four years and tends to prevail price movements.
“There are no four -year -old cycles where coins have to go through two years of accumulation as usual, in my opinion. I think we can only see intense motion upside down and downside from it (anywhere from three -six months of time). Alts will go 50% -90% down and then make a few X after.”
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