Altcoin Sherpa, a prominent crypto analyst with 248,500 followers on X, sounded the alarm on two Solana-based memecoins—dogwifhat (WIF) and Popcat (POPCAT). Meanwhile, though, he’s making a super bullish bet on Hyperliquid (HYPE). Sherpa Dogwifhat (WIF) and Popcat (POPCAT) are both in a downtrend. They will likely keep doing worse if Bitcoin fails to make new all-time highs.
The analyst went on to express their view on WIF on X, which further confirmed the bearish outlook on WIF. They voiced objections to POPCAT, which runs on the Solana (SOL) blockchain. At the time of writing, dogwifhat (WIF) price is $0.839.
As per Altcoin Sherpa’s forecast, dogwifhat (WIF) may crash to $0.60 if the broader market fails to recover.
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. - Altcoin Sherpa/X
Altcoin Sherpa is bullish on Hyperliquid (HYPE), pointing out that it has proved its strength during recent market downturns.
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. - Altcoin Sherpa/X
According to popular crypto trader Altcoin Sherpa, Hyperliquid (HYPE) has shown a lot of strength and expects it to go to the $50 price area.
Altcoin Sherpa’s analysis offers valuable tips for cryptocurrency traders looking to make informed decisions in the unpredictable altcoin market. The analyst's predictions offer a perspective on the potential future performance of specific cryptocurrencies, contingent on broader market trends and Bitcoin's trajectory.
