A renowned crypto analyst, known as Altcoin Sherpa, has shared his belief that two alternative cryptocurrencies have the potential to increase by up to 5 times before the current cycle ends.

Altcoin Sherpa, who has 228,100 followers on the social media platform X, expresses his strong optimism for the altcoin market. He predicts that even average altcoins will experience significant price surges if the conditions favor the crypto market.

In particular, Altcoin Sherpa foresees that the decentralized oracle network Chainlink (LINK) and the layer-1 protocol Algorand (ALGO) could see gains ranging from 400% to 600% before the current cycle concludes.

The analyst suggests that the expected average market performance for lesser-known cryptocurrencies is between 3-5 times on the low end and 5-10 times on the high end for this cycle. Therefore, he anticipates substantial growth for most altcoins in the current market conditions. Altcoin Sherpa highlights LINK and ALGO as prime examples of coins with potential for significant gains.

Analyzing Altcoin Sherpa’s chart, it appears that he predicts LINK could surge by over 350% to reach previous all-time high levels. Regarding ALGO, the analyst’s chart indicates that even a 300% increase would not bring the coin close to its peak price of $3.56.

Altcoin Sherpa also shares his thoughts on the popular memecoin Dogecoin (DOGE), suggesting that it is consolidating before a potential upward move. He sees this as a positive sign for DOGE, with volatility and a trading range forming.

Currently, DOGE is trading at $0.159.

Furthermore, Altcoin Sherpa mentions other coins that he believes will perform well once the market enters a full bullish phase. He suggests considering mid-cap meme coins like BONK, PEPE, and WIF, along with utility coins such as new projects like EIGEN, established coins like FTM with high liquidity, and upcoming infrastructure projects like monad and berachain. Additionally, he recommends looking into new coins that have not experienced significant price increases yet, such as REZ, ZK, and similar types.

Altcoin Sherpa advises investors to stay flexible and prepared to take advantage of the upcoming altcoin surge.

Disclaimer: The opinions expressed by Altcoin Sherpa are not investment advice. Investors should conduct their own research before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All trading activities are done at the investor’s own risk. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not a financial advisor. The Daily Hodl may participate in affiliate marketing.

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