A closely followed analyst believes that a Top-30 Altcoin can write massive short-term gains.
The pseudonym analyst Altcoin Sherpa told his 245,300 subscribers on the X social media platform that the decentralized hyperliquid (media threshing) token can increase by 150% compared to its current value because it prints an upper model on the daily graph.
“Buyed a small position as a media threshing perp (April 30); I do not know how long I will take. However, one of the best coins and public service projects and it creates slowly more. Would not be surprised to see this go to $ 50 or something if the commercial conditions of BTC (and) remain healthy.”
Hype is traded at $ 20.10 at the time of writing, up 6.3% in the last 24 hours.
The analyst also suggests that the four -year -old traditional cryptography cycles are probably finished and that the Alt can start to follow a different price model.
The four -year cycle is based on the idea that the crypto follows Bitcoin halvings when the rewards of BTC minors are reduced in two, which occurs about every four years and tends to precede the upward price movements.
“More cycles of four years where the pieces must go through two years of accumulation as before, in my opinion. I think that we will just see extreme movements upwards and downwards from here (in the time of three-six months). The alts will go to 50% to 90%, then do some x after.”
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