A popular crypto trader is making some bold predictions about the future of several altcoins. Let’s dive into what he’s saying.
Hyperliquid (HYPE) to Hit New Highs?
Altcoin Sherpa, a well-known trader with a huge following, is incredibly bullish on Hyperliquid (HYPE), a layer-1 decentralized exchange coin. He believes it’s poised to break its all-time high, potentially reaching over $50. He sees the current price consolidation as a setup for a significant price jump. At the time of writing, HYPE is trading around $40.
Solana Memecoins in Trouble?
However, the same trader isn’t so optimistic about all altcoins. He’s bearish on two Solana-based memecoins: dogwifhat (WIF) and Popcat (POPCAT). He warns that these coins could see a significant drop – potentially 30-50% – if Bitcoin doesn’t hit new all-time highs. He suggests that a lower high may have already formed for these coins.
Popcat (POPCAT) and dogwifhat (WIF) Price Predictions
According to the trader’s analysis, Popcat (POPCAT), currently trading around $0.31, could plummet to as low as $0.22. Similarly, he predicts dogwifhat (WIF), currently at $0.839, could fall to $0.60.
The Bottom Line
This trader’s predictions are, of course, just that – predictions. The crypto market is notoriously volatile, and these are high-risk investments. Always do your own research before investing in any cryptocurrency. This information is not financial advice.