One Top-20 Altcoin Will Eventually Skyrocket by 85%

A widely followed crypto analyst says that one top-20 altcoin will eventually skyrocket by 85% while updating his outlook on Bitcoin (BTC) and the meme asset dogwifhat (WIF)

A widely followed crypto analyst is offering his updated outlook on one top-20 altcoin, in addition to Bitcoin (BTC) and the meme asset dogwifhat (WIF).

In a new thread, crypto trader Altcoin Sherpa is highlighting layer-1 blockchain Hyperliquid (HYPE) as a standout digital asset that will eventually hit a price tag of over $50.

“Some interesting looking charts out there. HYPE is a standout, I still own zero right now but this is still one of the best projects in crypto and I will continue bull posting it. Still not sure if I’d buy here given the landscape but it should go to $50+ eventually.”

The trader does not provide a timeframe of when the asset could rise to $50, a move of about 85%. HYPE is currently trading for $27.50, up 10.5% during the last 24 hours.

Shifting his attention to the crypto king, Sherpa predicts that BTC and altcoins will experience a dip sometime before June, presenting buying opportunities for some and sparking panic among others.

“If wanting to buy for longer-term positions and you are not as active: probably wait for BTC to have a dip relatively soon. Anywhere from low to mid $90,000s is my guess/hope. Alts probably go -20% or 30% lower (or even more from the highs on some) [and] people will scream ‘it’s over.'”

The top crypto asset by market cap is changing hands for $103,950 at the time of writing, marking a 1.6% increase over the last 24 hours.

Concluding his analysis with the memecoin WIF, Sherpa notes that some of its points of potential reversal may pique the interest of traders.

“Some retraces on some good coins still, I am interested in playing some of these bounces… But coins like WIF have some interesting bounce areas coming. Would view the $0.90 region as one here.”

The trader’s chart indicates that WIF will bounce off the $0.90 price point by the end of the month. WIF is currently trading for $1.12, exhibiting a 10.5% gain today.