Renowned crypto analyst Altcoin Sherpa, known for his insightful predictions, is optimistic about the potential for two altcoins to experience a significant surge of up to 5 times their current value before the current cycle ends.
With a substantial following of 228,100 on X, Altcoin Sherpa expresses his bullish outlook on the altcoin market, suggesting that even mediocre altcoins could witness substantial gains if the market sentiment turns positive for cryptocurrencies.
In particular, Altcoin Sherpa highlights Chainlink (LINK), the decentralized oracle network, and Algorand (ALGO), the layer-1 protocol, as potential performers, with anticipated gains ranging from 400% to 600% by the end of the current cycle.
The analyst indicates that the average market for lesser-known altcoins could see a significant increase of 3-5 times their current value, with the potential for some to surge even further to 5-10 times their current price.
Altcoin Sherpa’s charts suggest that LINK could potentially rise by more than 350% to reach its previous all-time high levels. Meanwhile, ALGO may experience a more than 300% increase, still falling short of its peak at $3.56.
When it comes to Dogecoin (DOGE), Altcoin Sherpa believes the meme-inspired coin is consolidating before embarking on another upward trend, indicating a favorable buying opportunity.
In addition to these predictions, Altcoin Sherpa mentions other altcoins that he believes will perform well once the market enters a full bullish phase. He suggests considering mid-cap meme coins like BONK, PEPE, and WIF, as well as newer utility coins such as EIGEN and established coins like FTM with a high circulation supply.
As the altcoin market heats up, Altcoin Sherpa advises investors to remain flexible and prepared for various opportunities that may arise during the upcoming surge in altcoin prices.
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