A widely followed crypto analyst and trader offers his outlook on three altcoins while taking a bullish view on Bitcoin (BTC).
An analyst known by the pseudonym Sherpa told his 224,200 followers on social media platform “We are experiencing severe price compression,” he said. Moving average line on daily chart.
A pseudonymous analyst says:
“There's going to be a big move and it's probably going to be on the upswing.”
At the time of writing, Bitcoin is trading at $62,150.
Next is layer 1 altcoin Sui (SUI). Sherpa said Sui had witnessed “insane” price performance over the past few weeks. However, widely followed analysts say Sui supply will increase in the future.
“This would be a great deal, but it might not be the best hold considering unlocking.”
At the time of writing, Sui was trading at $1.92, an increase of over 100% in the past 30 days.
Next is the native token of the layer 1 blockchain Aptos (APT). A pseudonymous analyst says:
“APT: I don’t know what will happen in the long term, but it definitely looks very strong in the short term. Probably a spot trade would be better to sit here and wait for it to get above $10. coin.”
Aptos is trading at $9.12 at the time of writing, up nearly 50% over the past 30 days.
Next up is the Ethereum Restaking Protocol EIGENlayer (EIGEN). Sherpa says the relatively new re-staking protocol is at a crossroads.
“I think it's better to wait for a real break and jump on the train later. We'll see if this actually has sustained momentum.”
As of this writing, Eigenlayer costs $4.
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