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Gate Square New & Returning Creator Rewards are ongoing!
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#TrendingTokens
Altcoin Sherpa's statement on HYPE coin, AAVE, LINK, XRP, and OM
As fluctuations continue in the cryptocurrency market, popular analyst Altcoin Sherpa has made evaluations about crypto assets that could perform best in the short term. In particular, the analyst shared a positive view on Hyperliquid (HYPE) token, as well as important predictions for Ethereum (ETH) and AI-focused altcoins. Altcoin Sherpa, in a statement to his 242,900 followers on social media platform X, prioritized HYPE by ranking the best investment positions in the current market conditions.
Currently, the best positions, ranked from best to worst, are:
Cash.
Major cryptocurrencies.
HYPE.
Tokens like AAVE, LINK, XRP, and OM that provide benefits or are old cryptocurrencies.
Everything else is average.
The analyst also suggests that Ethereum could make a big move in this cycle with (ETH), but is not sure when and how it will happen.
Everyone is talking about ETH and that makes sense:
Major projects like LINK, AAVE are working on ETH.
SOL's reputation is tarnished.
There has not been a major rise for ETH yet.
The ETH/BTC ratio is in a bad state. I believe this will happen, I just don't know when and how.
Bull trap warning in Ethereum
However, the analyst also warns investors that there could be a bull trap for Ethereum in the short term: 'ETH: I will not fall into this trap.' Additionally, the analyst believes that market bottom levels are seen for altcoins focusing on artificial intelligence projects such as Artificial Superintelligence Alliance (FET) and Act I: The AI Prophecy (ACT). The analyst says, 'I think we are in a consolidation period for these altcoins within one to two weeks. This is a period where the market is moving sideways but good projects are reaching bottom levels. FET and ACT are two examples of this.' FET is currently trading at $0.72 and has experienced a 4% decline in the last 24 hours. On the other hand, ACT is trading at $0.18 and has recorded a 1.3% increase during the day.
#KAITO Listing #SOL Price Analysis #IP & BERA Price Bounce Up