The widely respected cryptocurrency analyst and trader is bullish on the top 10 altcoins by market capitalization.
The analyst, who goes by the pseudonym Sherpa, told his 229,600 followers on social media platform
According to Sherpa, Dogecoin may undergo a correction before rising.
Dogecoin is trading at $0.169 at the time of this writing.
Next is Bitcoin (BTC). Bitcoin hasn’t “moved materially” above the $65,000 level in about 1,295 days and could potentially rise further, according to an anonymous analyst and trader.
“Time is passing… Highest loading ever for BTC
“You are not optimistic enough.”
Sherpa also said that Bitcoin’s ratio compared to other cryptocurrency assets will remain high. According to a chart from a widely followed analyst, he appears to be suggesting Bitcoin dominance levels could peak above 70%.
“I think we could actually see higher dominance for a while as BTC has yet to see a true breakout. The higher this is, the more enjoyment we have.”
As of this writing, Bitcoin is trading at $71,983 and the Bitcoin dominance level is 56%.
Next is Solana (SOL). According to the anonymous analyst, Solana is in an accumulation zone that offers a potentially attractive entry opportunity.
“Solana – There’s still time to hit an all-time high. This is not a bearish chart. We will be excited as we continue to expand within this scope and take it to the next level.”
Solana is trading at $175 at the time of this writing.
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