Sherpa Forecasts a 116% Surge for Hyperliquid (HYPE) Before the End of This Cycle

Sherpa, a highly followed crypto analyst, has forecasted a significant surge for the altcoin Hyperliquid HYPE/USD.

Crypto analyst Sherpa, who boasts a large following on X, has shared his bullish perspective on the altcoin Hyperliquid (HYPE).

Sherpa anticipates that HYPE, a utility token of the decentralized open financial system, could surge by at least 116% from its current level before the end of this cycle.

The token is currently trading at an average price of $0.229, suggesting that Sherpa expects it to cross the $0.50 mark.

However, it’s worth noting that crypto prices are highly volatile and can fluctuate drastically, so this prediction should be taken with a grain of salt.

In the post shared on Friday, Sherpa highlighted HYPE’s performance, with the altcoin earning $26.5 million in USDC revenue through platform fees and ticker auctions last month.

The crypto analyst also touched upon XRP, advising patience as it’s not at an ideal level for long entries.

When it comes to Cardano (ADA), Sherpa sees strength in the altcoin on the weekly time frame, predicting that it could continue to rise if other first-generation altcoins appreciate.

Lastly, Sherpa remains optimistic about Dogecoin (DOGE), the largest memecoin by market capitalization.

He suggests that DOGE could trade within a range for a while before revished its 42-month high of around $0.485.