Crypto Trader: New Chainlink Rival May Experience Significant Price Discovery

Altcoin Sherpa’s Analysis

  • 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.


  • 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.