A popular cryptocurrency trader, Altcoin Sherpa, shared his insights on several digital assets. He has a large following on X (formerly Twitter).
Zerebro: A Potential Buy?
Altcoin Sherpa believes the AI-focused cryptocurrency Zerebro, currently trading around $0.54, is ripe for a pullback. Despite its impressive 9,000%+ gain over two months, he suggests a potential entry point around $0.40. He expects a pullback to the low $0.60 range before another strong upward movement. He’s confident in Zerebro’s future, stating he holds a significant amount himself.
Hyperliquid: Long-Term Bullish Outlook
The trader is also bullish on Hyperliquid (HYPE), a decentralized perpetuals exchange. He recommends a dollar-cost averaging (DCA) strategy, suggesting accumulation between $25 and $30. He sees a potential target price above $50 before the market cycle ends, and is prepared to buy more if the price dips into the low $20s. HYPE is currently trading at $0.26.
Memecoin Market: Caution Advised
Finally, Sherpa issued a warning on the memecoin market. He believes many popular memecoins like MOODENG, CHILLGUY, and PNUT are either poised for a significant drop or a sharp rise. He advises caution.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always conduct your own thorough research before investing in cryptocurrencies.
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