Altcoin Sherpa, a popular cryptocurrency analyst, believes that Pyth Network (PYTH) has significant upside potential despite recently reaching an all-time high.
According to Sherpa, coins trading in price discovery territory often experience strong uptrends due to a lack of resistance.
Pyth Network (PYTH)
PYTH is currently trading near its ATH, presenting an opportunity for price discovery.
Sherpa believes that PYTH has not experienced a significant pump yet and has a compelling narrative.
Injective (INJ)
Sherpa is also bullish on Injective (INJ), a decentralized exchange protocol.
Despite trading in a wide range for over a month, INJ remains in a long-term uptrend.
Sherpa suggests that INJ is a safe and solid trade with a high probability of success.
Total Crypto Market Cap
Sherpa compares the total crypto market cap to the valuations of tech giants in the S&P 500.
He believes that the crypto market cap has room for significant growth when retail investors enter the market.
Conclusion
Altcoin Sherpa sees potential for price discovery in Pyth Network (PYTH) and Injective (INJ).
He also believes that the total crypto market cap has significant upside potential.
