Ah, the thrilling world of crypto, where every day brings us another miracle (or disaster, depending on how you look at it). A certain analyst, whose followers number 245,300 on the ever-popular platform X, believes that one of the top-30 altcoins might just surprise us all with a 150% surge. Imagine that! An altcoin rising as if it had sprouted wings and was taking off like an overzealous pigeon.
This pseudonymous figure, known as Altcoin Sherpa (because why use your real name when you can sound like a wise and enigmatic guru?), has decided that the token in question is none other than the utility gem of Hyperliquid (HYPE). Yes, it seems the name alone is enough to make you think of futuristic finance and endless possibilities. Sherpa believes that HYPE could soar higher, with dreams of it hitting $50 if, and only if, Bitcoin stays ‘healthy’ and the trading conditions remain, well, tolerable.
“Bought a small HYPE perp position [April 30th]; not sure how long I’ll hold for. Still one of the best utility coins and projects out there and it’s slowly grinding higher. Wouldn’t be surprised to see this go to $50 or something if BTC [and] trading conditions remain healthy.”
At the time of writing, HYPE is trading at a mere $20.10, up a solid 6.3% in the last 24 hours—like a sprinter warming up, but not yet hitting the race. Nothing too exciting yet, but we’re all hanging onto the edge of our seats, waiting for that massive jump that’s supposed to come.
Now, let’s talk about those “old school” crypto cycles. You know, the four-year ones that made everyone’s heads spin like a Ferris wheel? The analyst here is waving goodbye to that idea. Apparently, it’s time to accept that the whole “Bitcoin halving” narrative is a thing of the past. We can forget about coins having to hibernate for two years before making any moves. Instead, buckle up, because we might witness sudden and extreme price swings. Alts could drop 50%-90%, only to bounce back like a cat that landed on its feet. It’s a rollercoaster, and we’re all just hanging on for dear life!
“No more four-year cycles where coins have to go through two years of accumulation like before, in my opinion. I think we’re going to just see extreme moves to the upside and downside from here on out (in anywhere from three-six months time). Alts will go 50%-90% down and then do a few x after.”
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2025-05-02 15:03