dailyhodl.com
A widely followed crypto analyst thinks that two altcoins have strong fundamental narratives while flashing bullish price action.
Pseudonymous trader Altcoin Sherpa tells his 245,400 followers on the social media platform X that the native assets of Curve DAO ($CRV) and Hyperliquid ($HYPE) are among the few “solid” altcoins in crypto.
Curve Finance is a stablecoin-focused ecosystem, specializing in the efficient and low-slippage trading of dollar-pegged crypto assets. Meanwhile, Hyperliquid is a layer-1 protocol serving a decentralized exchange (DEX).
Says Altcoin Sherpa,
“But if you’re an investor that relies on these types of fundamentals, there are a few good ones like $CRV and $HYPE, those charts look pretty solid overall.”
At time of writing, $HYPE is worth $20.55
At time of writing, $CRV is worth $0.697.
Turning to the memecoin Bonk ($BONK), the trader says he plans to accumulate the altcoin at current levels.
“Staying patient for $BONK and would love to buy in the green box if it gives.”
At time of writing, $BONK is worth $0.0000164.
As for Bitcoin, the trader says $BTC looks bullish on the high time frame after the crypto king retested the $74,000 level as support.
“Higher time frame view of $BTC: higher low formed in that chop period, it was similar to that May 2021 area where price formed a low.
I think it’s a great low given the amount of time (two months) and volatility that we saw. While there are going to be some small pullbacks, I think we strongly break $100,000 in the next several weeks as long as equities don’t completely sh** the bed (sadly, I see a lot of lower high / it’s over type of posts).”
At time of writing, Bitcoin is trading for $95,921.
Generated Image: Midjourney