One of the most respected crypto analysts believes that two altcoins are exhibiting bullish price movement while displaying strong fundamental stories.
Altcoin Sherpa, a pseudonymous cryptocurrency trader on social media platform X told his 245,400 fans that Curve DAO’s (CRV), and Hyperliquid’s (HYPE) native assets are two of the “solid” altcoins.
Curve Finance, an ecosystem focusing on stablecoins and dollar-pegged assets with low slippages, is the most efficient way to trade these crypto-assets. Hyperliquid, on the other hand, is a protocol layer-1 that serves a DEX.
Altcoin Sherpa:
“But, if you are an investor who relies on fundamentals like these, then there are some good stocks, such as CRV or HYPE. These charts appear to be pretty solid.”
HYPE has a value of $20.55 at the time this article was written.
CRV was worth $0.697 at the time this article was written.
The trader plans to continue to buy memecoin Bonk at the current price.
BONK’s current value is $0.0000164.
The trader said that Bitcoin looks bullish in the long-term timeframe after it retested $74,000 as a support level.
The higher timeframe view of BTC shows that a lower low was formed during that period where the price fluctuated. It is similar to May 2021, when a low area formed.
While there will be some small pullbacks, I believe we strongly break $100,000 in the next several weeks as long as equities don’t completely sh** the bed (sadly, I see a lot of lower high / it’s over type posts). There will be some minor pullbacks but I believe we can easily break the $100,000 mark in the coming weeks, as long as the equities do not completely sh** off the bed.
Bitcoin currently trades for $95,921.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post BONK, Bitcoin and Two Altcoins Look Solid Overall: Traders Says may change as new information is revealed.
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