Trader Says Top-30 Decentralized Exchange Altcoin Could Surge by 150% if Bitcoin Remains ‘Healthy’

Expert Predicts Significant Gains for Promising Altcoin

A highly regarded analyst is making waves in the crypto community by forecasting substantial growth for one of the top altcoins in the market.

Pseudonymous analyst Altcoin Sherpa recently shared insights with his 245,300 followers on the social media platform X. He believes that the utility token of Hyperliquid (HYPE) could potentially climb by 150% from its current trading price, as it demonstrates a bullish trend on the daily chart.

“I purchased a small position in HYPE perpetual contracts on April 30th; my holding period is uncertain. However, I consider this one of the top utility tokens and projects. It’s steadily inching higher, and I wouldn’t be shocked if it reaches around $50, provided that Bitcoin and trading conditions stay favorable.”

As of this writing, HYPE is trading at $20.10, reflecting a 6.3% increase in the last 24 hours.

In addition, the analyst suggested that traditional four-year crypto cycles might be a thing of the past. He anticipates that altcoins may now follow a different price trajectory moving forward.

The conventional four-year cycle is predicated on Bitcoin’s halving events, where miner rewards are effectively reduced by half approximately every four years, often leading to significant price rallies. However, Altcoin Sherpa believes this paradigm is shifting.

“I don’t think we’ll see the typical four-year cycles that required coins to undergo a two-year accumulation phase. Going forward, I expect to witness extreme price movements—both upward and downward—in a span of just three to six months. Altcoins could drop between 50% to 90%, but they would also have the potential to multiply in value.”

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