Tradings Specialist Positive on Two Cryptocurrencies, Revises Viewpoint on BONK and Bitcoin
Rewritten Article
In the ever-evolving world of cryptocurrencies, so-called crypto guru, Altcoin Sherpa, has pinpointed a couple of promising altcoins that boast robust narratives backed by bullish price actions. This widely followed analyst broke down his top picks, Curve DAO (CRV) and Hyperliquid (HYPE), on the social media platform X to an audience of 245,400 followers.
Curve Finance, specializing in low-slippage trading of stablecoin assets, is the foundation for the CRV token. Meanwhile, HYPE is the native token of a decentralized exchange (DEX) platform called Hyperliquid. Altcoin Sherpa deems these tokens as some of the solid altcoins in the crypto scene.
"But if you're an investor that relies on these types of fundamentals, there are a few good ones like CRV and HYPE, those charts look pretty solid overall", Altcoin Sherpa comments.
At the time of this write-up, HYPE was valued at around $20.55, while CRV was pegged at about $0.697.
Elaborating on the memecoin Bonk (BONK), Altcoin Sherpa expressed interest in accruing the altcoin at present levels.
"Staying patient for BONK and would love to buy in the green box if it gives."
At the same moment, BONK was worth around $0.0000164.
Regarding Bitcoin, the celebrated analyst sees a bullish pattern on the high timeframe after the leading crypto retested the $74,000 level as support.
"Higher timeframe view of BTC: higher low formed in that chop period, it was similar to that May 2021 area where price formed a low.
I think it's a great low given the amount of time (two months) and volatility that we saw. While there are going to be some small pullbacks, I think we strongly break $100,000 in the next several weeks as long as equities don't collapse completely (sadly, I see a lot of lower high / it's over type of posts)"
At the time of writing, Bitcoin was trading for around $95,921.
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"In his analysis, Altcoin Sherpa highlighted several robust altcoins in the crypto market, including Curve DAO (CRV) and Hyperliquid (HYPE), citing their strong price actions and relevant use cases. He also expressed interest in accumulating the memecoin Bonk (BONK) at current levels."
"The cryptocurrency landscape continues to expand, with recent developments like the phase 2 of BC.GAME's Social Mining Campaign and the partnership between BYDFi and Ledger, emphasizing the growth and increasing sophistication of the industry."
