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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Famous Analyst Shared Altcoin That Could Soon Make 150%: It Could Be 50 Dollars! - Coin Bulletin
Crypto market analyst Altcoin Sherpa, closely followed in the crypto space, claimed that Hyperliquid, an altcoin within the top 30, could experience a rise to heaven of up to 150% in the short term.
One of the prominent figures in the crypto community, Altcoin Sherpa, stated in a post on the social media platform X that the decentralized finance token named Hyperliquid (HYPE) has formed a bullish pattern on the daily chart, and this situation could significantly raise the price.
Sherpa addressed his approximately 245,000 followers in a post, stating that he opened a small HYPE position on April 30;
Another striking assessment made by the analyst was related to the four-year cycles in the traditional crypto market. According to Sherpa, altcoins will no longer adhere to this cycle, which is based on Bitcoin's halving of mining rewards and occurs every four years.
Sherpa stated, "In my opinion, there are no longer traditional four-year cycles that require coins to go through a two-year accumulation period. From now on, we may see extremely rapid rise and fall movements within three to six months. Altcoins have the potential to drop by 50-90% and then rise several times," urging investors to be prepared for the new volatility period.