Sherpaa widely followed crypto analyst predicted a significant rise in the altcoin Hyperliquid HYPE/USD.
What happened: In a job on X, Sherpa shared his optimistic view on Hyperliquid. The crypto analyst predicts that HYPE, a utility token of the decentralized open financial system, could rise by at least 116% from its current level before this cycle ends.
Despite the potential of HYPE, Sherpa advises its subscribers to gradually increase their positions. He also mentioned, “In my opinion, it’s not one to give you a 10x at current levels for this cycle, but it could still be safe to hold. »
Last month, the altcoin generated $26.5 million in USDC revenue from platform fees and ticker auctions.
Concerning XRPSherpa advises being patient, noting that it’s not at an ideal level for long entries. When it comes to Cardano ADA/USDSherpa sees strength in the altcoin on the weekly time frame, predicting that it could continue to rise if other first generation altcoins appreciate.
Finally, Sherpa remains optimistic about Dogecoin DOGE/USDthe largest memecoin by market capitalization. It suggests that DOGE could trade in a range for a while before revisiting its 42-month high of around $0.485.
Why it matters: Sherpa’s predictions are significant given his large following and the current volatile nature of the crypto market. His bullish outlook on Hyperliquid could potentially influence other traders and investors.
His cautionary advice on XRP and his optimism for Cardano and Dogecoin also provide valuable information for those navigating the crypto market.
However, as always, investors should conduct their own research and consider multiple perspectives before making investment decisions.
Read next
News and market data powered by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.