Analyst: Hyperliquid (HYPE), among top three best plays in crypto market right now, is called by analyst.

Analysts believe that an altcoin in the top 30 may perform best among digital assets as crypto markets fluctuate.

Altcoin sherpa, a pseudonymous social media analyst who has 242,900 Twitter followers tells them that he’s bullish about the Hyperliquid utility token (HYPE), based on the open decentralized financial system.

“Best Positions Right Now in Order of Best to Worst:

1. 
   Cash.
   
2. 
   Majors.
   
3. 
   HYPE.
   
4. 
   Older coins or utility coins such as AAVE, Link, XRP and OM.
   

“Everything else is mehhhh”

HYPE has fallen 8.8% over the past 24 hours to $23,27.

The trader believes that Ethereum (ETH), but does not know when, may experience a big move in the next cycle.

Everyone is talking about Ethereum and it’s a good thing:

• 
  Top Trump Projects are available on Ethereum (LINK, AAVE and others).
  
• 
  SOL has a pretty bad mindshare (rugs/etc.) ).

• 
  There is no real pump for ETH (yet).
  
• 
  BTC/ETH has been f**ed.
  

“I do think it will happen. I just don’t have a clue when/where.”

He warns, however, that ETH could form a trap in the short term.

ETH has fallen 2.9% over the past 24 hours to $2662.

The analyst believes that the altcoins focused on artificial intelligence (AI), such as Artificial Superintelligence Alliance, and AI-related mecoins Act I: AI Prophecy are at their bottom of market and could be ready to break out.

I think that we are anywhere between a month and two weeks away from the start of consolidation for these sh*tcoins. It’s the chop-off period, where not much happens. I feel like most good coins are at their bottom prices. FET and ACT are examples.”

FET was trading at $0.72 as of the time this article is written, down by 4% over the past 24 hours. ACT, on the other hand, is currently trading at $0.18, an increase of 1.3% for the day.

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Sources of Images include Pixabay Creative Commons & Midjourney

The post Hyperliquid (HYPE), Among the Top Three Best plays in Crypto market Right Now, according to an analyst may be updated as new information becomes available.

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