As I strolled through the vast expanse of the cryptocurrency market, I chanced upon a most intriguing prediction from a certain Altcoin Sherpa, a trader of some renown. It appears that he has set his sights on Hyperliquid (HYPE), a layer-1 decentralized exchange (DEX) altcoin, and is convinced that it shall soar to dizzying new heights.
This pseudonymous analyst, with a following of 248,500 on the social media platform X, opines that HYPE’s current consolidation near its highs is merely a prelude to a fresh leg up, one that shall propel it to a new record high. His words, imbued with an air of conviction, did stir within me a sense of curiosity.
“HYPE has insane strength right now, this one got bought up quickly. wouldn’t be surprised to see a bit more chop around here but $50+ is destined, even in these crazy times.” Ah, the audacity of his claim did bring a wry smile to my lips, for in the world of cryptocurrency, one can never be too certain.
As I write these words, HYPE’s value stands at $40.44, a far cry from the lofty heights predicted by our intrepid trader. Yet, one cannot deny the allure of his conviction, the siren’s call that beckons us to follow him into the unknown.
But, alas, not all is sunshine and rainbows in the world of Altcoin Sherpa. He harbors a far more pessimistic outlook for two Solana (SOL)-based memecoins, dogwifhat (WIF) and Popcat (POPCAT). These, he believes, are mired in a downtrend, and should BTC fail to reach new heights, they may plummet to depths previously unimaginable.
“Moment of truth for many of these [coins] soon; that could have just been a lower high formed. It’s all going to be dependent on BTC. If we see it blast through the highs, we’re going up again. If not, alts probably go [down] another 30-50%. Can see some examples with WIF, POPCAT.” The fatalism that pervades his words did send a shiver down my spine, for in the world of cryptocurrency, one can never be too prepared for the unexpected.
As I gazed upon the trader’s chart, I beheld a possible future where POPCAT’s value could fall to as low as $0.22, a precipitous drop from its current value of $0.31. The very thought did fill me with a sense of trepidation.
And, as I turned my attention to WIF, I saw that our trader’s chart hinted at a possible plunge to $0.60, a far cry from its current value of $0.839. The uncertainty that shrouds the future of these memecoins did leave me with a sense of unease.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Read More
2025-06-16 03:01