A popular crypto analyst, Altcoin Sherpa, shared their positive outlook on several cryptocurrencies.
Altcoin Spotlight: CRV and HYPE
Sherpa highlighted Curve DAO (CRV) and Hyperliquid (HYPE) as two “solid” altcoins with strong fundamentals and bullish price action. CRV, the native token of the Curve Finance stablecoin ecosystem, and HYPE, from the Hyperliquid layer-1 DEX, are showing promising charts, according to the analyst. At the time of this writing, HYPE was trading at $20.55 and CRV at $0.697.
Memecoin BONK and Bitcoin Predictions
Regarding the memecoin BONK, Sherpa expressed plans to accumulate more at current prices, hoping to buy in at a favorable price point. BONK was trading at $0.0000164.
The analyst also offered a bullish outlook on Bitcoin (BTC), noting a higher low formed after BTC retested the $74,000 support level. Sherpa believes this signals a strong low, similar to one seen in May 2021. They predict a strong break above $100,000 in the coming weeks, barring a significant downturn in the stock market. Bitcoin was trading at $95,921 at the time of this writing.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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