An anonymous analyst predicts a rise in the value of the SUI token, prompting buying around one dollar. He also recommends investing in Pepe, despite his controversial reputation, and sees Chainlink as a good buying opportunity once he emerges from his long accumulation period. Watch closely!
SUI is about to pump, according to the pseudonymous analyst
The crypto market is currently experiencing a period of stagnation, with the king of cryptocurrencies, Bitcoin, struggling to regain the $30,000 mark. However, some coins continue to shine, including the famous memecoin PEPE which is enjoying its heyday in the market.
A crypto analyst, known by the pseudonym Altcoin Sherpa, expressed bullish sentiment on some cryptos. In a video posted on YouTube, Sherpa told his 11,000 subscribers that the native first-layer blockchain token Sui (SUI) is on the verge of a big increase in value.
“ In fact, I think it’s going to explode really loud to be upfront and honest with you. I don’t know when or where… The overall float on this token is really very, very small compared to the overall supply, and it’s easy for market makers to manipulate that. So to be blunt and honest, buying around a dollar or something would probably be pretty profitable. »
Sherpa did not ignore Bitcoin’s dominance in the crypto market. In his analysis, he said that if the price of Bitcoin drops, SUI could also fall by more than 20%.
“ If Bitcoin takes another leg down, which you obviously have to consider if you are trading any altcoin, then it will go down. That’s just the bottom line. It will likely drop down to the $0.80-$0.82 area for the next level. »
In fact, Sui is a high-throughput, low-latency first-layer blockchain programmed in Rust. It was launched this month. Its SUI token is trading at $1.05 at the time of writing, with a market cap of $559,092,432.
PEPE and Link, future crypto nuggets?
Altcoin Sherpa commented on several other cryptocurrencies. According to him, PEPE is currently experiencing a high trading volume, which indicates a strong demand for this meme currency. Its current price is very low, between $0.0000015 and $0.0000020. According to Sherpa’s analysis, this is a good time to invest for the long term, but it will depend on how Bitcoin performs.
As for Chainlink (LINK), Sherpa believes that the 22nd crypto asset by market capitalization will present a buying opportunity once it emerges from its long accumulation period. He thinks this crypto will get really strong once it starts moving. Currently, it is trading at $6.46.
” I’m not going to buy this one personally until it gets past the high end. So about $9.15 or something…I believe that link will get strong because it’s cut off in accumulation mode for about a year. It’s like a long build-up and I think it’s going to be strong once it starts to move.”
Ultimately, it should be remembered that these forecasts are only subjective analyzes and should not be taken as investment advice in any way. It is therefore crucial to conduct your own research before making an investment decision.
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