Altcoin Sherpa Predicts 150% Surge for HYPE, Citing Bullish Pattern
1min read A closely followed analyst has expressed optimism about the potential for significant gains in a top-30 altcoin. The pseudonymous analyst, Altcoin Sherpa, shared his insights with his 245,300 followers on the social media platform X, highlighting the utility token of the decentralized open financial system Hyperliquid (HYPE). According to Altcoin Sherpa, HYPE could surge by 150% from its current value, driven by a bullish pattern observed on the daily chart.
Altcoin Sherpa mentioned that he had purchased a small perpetual position in HYPE on April 30th, noting that the token is one of the best utility coins and projects available. He expressed confidence that HYPE could reach $50 if Bitcoin (BTC) and overall trading conditions remain favorable. At the time of writing, HYPE was trading at $20.10, reflecting a 6.3% increase over the past 24 hours.
The analyst also suggested that the traditional four-year crypto cycles, which are based on Bitcoin’s halvings, may no longer be relevant. These cycles typically involve a two-year accumulation phase followed by upward price movements. Altcoin Sherpa believes that the market dynamics have shifted, and alts may now experience extreme price movements, both upwards and downwards, within shorter timeframes of three to six months. He predicts that alts could see significant declines of 50% to 90%, followed by substantial recoveries.
Ask Aime: "Will Altcoin Sherpa's HYPE surge? Invest wisely!"
