A closely followed crypto analyst believes that two altcoins have the potential to skyrocket by as much as 5x before this cycle is over.
Pseudonymous analyst Altcoin Sherpa tells his 228,100 followers on the social media platform X that he’s extremely bullish on the altcoin market.
According to the analyst, even average altcoins will see massive price rallies if conditions turn bullish for crypto.
Specifically, the trader sees the decentralized oracle network Chainlink (LINK) and the layer-1 protocol Algorand (ALGO) printing gains between 400% and 600% before the current cycle comes to a close.
“Market average for sh*tcoins from here on out: probably about 3-5x for this cycle on the low end and 5-10x for prices on the high end.
Meaning: If you buy pretty much anything at this point in time, I expect it to go 3-5x.
Here are two examples with LINK [and] ALGO.”
Looking at the trader’s chart, he seems to predict that LINK will surge by over 350% to revisit all-time high levels. As for ALGO, Altcoin Sherpa shares a chart suggesting that an over 300% move will not even take the coin close to its all-time high of $3.56.
Turning to the top memecoin Dogecoin (DOGE), Altcoin Sherpa thinks the altcoin is taking a breather before sparking a new leg up.
“This is the bottom you want to see for DOGE in my opinion.
Lots of volatility and a range forming.”
At time of writing, DOGE is trading for $0.159.
Altcoin S
Go to Source to See Full Article
Author: Henry Kanapi
