A popular crypto analyst, Altcoin Sherpa, is making some bold predictions about the crypto market. He’s particularly bullish on a few altcoins, while offering a cautious outlook on Bitcoin.
Sonic Boom: A 140% Gain and More to Come?
Sherpa is extremely positive about Sonic (S), a layer-1 blockchain, which has seen a massive 140% price increase in just three weeks. He believes it’s poised for even greater gains, potentially reaching $1. He points to its previous high of almost $4 and recent positive activity as reasons for his optimism.
Bitcoin’s Choppy Waters
While bullish on altcoins, Sherpa sees Bitcoin (BTC) as currently stuck in a range, calling the price action “choppy” and likely to offer false hope. However, he does believe the bottom is in for many cryptocurrencies.
Other Altcoin Picks: AI and DeFi
Sherpa also shared his long-term bullish stance on two other altcoins:
- AI Rig Complex (ARC): This AI-focused altcoin is described as highly volatile, with the potential for daily swings of 20% in either direction. Despite the risk, Sherpa remains long on ARC.
- MANTRA DAO (OM): This decentralized finance (DeFi) platform is seen as a safer, slower-moving investment, with potential for a 30% increase over several weeks. Sherpa considers it a more stable option.
Disclaimer:
This information is for entertainment purposes only and is not financial advice. Always conduct your own thorough research before investing in any cryptocurrency./p>
