A widely followed analyst and trader is leaning bullish on a large-cap altcoin that has skyrocketed by over 5x in a month.
The analyst pseudonymously known as Sherpa tells his 233,400 followers on the social media platform X that he “wouldn’t be surprised to see” XRP break out into a new all-time high on its US dollar pair.
XRP is trading at $2.65 at time of writing, around 23% below the all-time high of $3.40.
The third-largest crypto asset by market cap is up by around 434% since November 4th.
According to the pseudonymous analyst, the XRP/Bitcoin pair presents a “much better” risk-reward ratio. Based on Sherpa’s chart, it appears that XRP/BTC is sitting below a resistance level that has existed since May of 2021 and is around 88% below the all-time high of 0.0002247 BTC.
XRP is trading at 0.00002727 BTC ($2.63) at time of writing.
The widely followed analyst also offers his insight into the Solana (SOL) ecosystem. Sherpa says,
“The road is long and hard and it can be difficult to hold. But I still believe that many artificial intelligence (AI) coins on SOL are going to be very strong in the next few months. I still believe that it’s the best marriage between speculation and tech.”
Listing some of his picks in the Solana ecosystem, Sherpa says that the AI-related crypto assets Goatseus Maximus (GOAT), The AI Prophecy (ACT), Zerebro (ZEREBRO) and others are “very solid.”
Zerebro is trading at $0.373 at time of writing, up by around 2,148% over the past 30 days. The AI Prophecy is changing hands at $0.532 at time of writing, up by around 2,430% over the past month while Goatseus Maximus is trading at $0.817 at time of writing, up by around 62% in the last 30 days.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Top-10 Altcoin That’s Exploded Over 400% in a Month Could Rally Into New All-Time High, According to Trader appeared first on The Daily Hodl.