Analyst Predicts Significant Growth for Hyperliquid and Evaluates Leading Altcoins

You can also read this news on COINTURK NEWS: Analyst Predicts Significant Growth for Hyperliquid and Evaluates Leading Altcoins

Prominent analyst Sherpa shared his positive expectations for Hyperliquid, which ranks among the top 30 altcoins by market capitalization. On the social media platform X, he informed his 239,700 followers that Hyperliquid is likely to rise by at least 116% from its current level by the end of this cycle.

Expectations for Hyperliquid (HYPE)

Sherpa expressed optimism about Hyperliquid’s future, emphasizing its role in decentralized finance. He noted that the current trading price is around $23.16 and highlighted the project’s substantial strengths.

“I believe HYPE is a fantastic project and forecast it will surpass $50 in this cycle. It meets many factors and is why it’s in my portfolio. Instead of rushing into a position, I plan to make additional investments.”

Current Status of XRP

Sherpa observed that XRP is performing strongly, just below its all-time high, but cautioned that it is not ideal for long-term positions. He provided warnings about XRP’s current status, which is trading below Hyperliquid’s price of $23.16.

“I do not recommend buying more at this position. This is the previous all-time high, a natural pullback point. You should be patient and consider adding more after waiting for a bit, hoping for a price drop.”

Analysis of Cardano and Dogecoin

Sherpa noted Cardano ‘s strong performance on a weekly time frame, suggesting that it may continue to rise with the value gains of other first-generation altcoins. Regarding Dogecoin , he stated that this leading memecoin still appears strong.

“Dogecoin still looks robust. It may trade within a range before returning to the 42-month high reached in December.”

Sherpa highlighted that Dogecoin is currently trading at $0.412 and stressed the overall performance of cryptocurrencies, which is crucial for investors. He advised investors to consider market conditions and the unique dynamics of cryptocurrencies while evaluating Sherpa’s forecasts. Conducting thorough analysis before making investment decisions is essential.

The post Analyst Predicts Significant Growth for Hyperliquid and Evaluates Leading Altcoins appeared first on COINTURK NEWS.