The widely respected cryptocurrency analyst and trader is expressing bullish sentiments about the top 30 altcoins by market capitalization.
Trader known by the pseudonym Altcoin Sherpa says The Internet Computer (ICP), a blockchain project that aims to replicate the speed, performance and scale of the Internet on a decentralized network, appears to have completed a period of consolidation that began earlier this year with 212,600 followers on social media platform X.
“ICP: It looks like the weeks of build-up are over. It’s time to go.
I think this will be actively traded for the next few weeks.”
ICP is trading at $19.40 at the time of this writing, up about 72% in 7 days.
Next is the layer 1 blockchain Sei (SEI). Altcoin Sherpa says he expects SEI to continue trading in the range it began forming 83 days ago.
“SEI: There is some upside potential in this trading range for almost three months. I’m looking forward to a little more cutting on this one.”
SEI is trading at $0.845 at the time of this writing.
The following are the native tokens of the Gala (GALA) blockchain gaming platform. Altcoin Sherpa says GALA, which is 92% below its all-time high of $0.825 reached in November 2021, offers an attractive upside opportunity.
According to Altcoin Sherpa, Gala’s risk-reward ratio is “not bad.”
“GALA: Some of these coins still have a long way to go to reach their previous highs. “I can’t say it’s going to get anywhere close, but if these projects still have money in the bank, there’s a catalyst, and they continue to build in a bear market, the upside is definitely good.”
GALA is trading at $0.065 at the time of this writing.
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