Two Altcoins Have the Potential to Skyrocket by as Much as 5x Before This Cycle is Over, Pseudonymous Analyst Altcoin Sherpa Says

Even average altcoins will see massive price rallies if conditions turn bullish for crypto.

A popular crypto analyst is predicting two altcoins will skyrocket by as much as 5x before the current market cycle ends.

The pseudonymous analyst, known as Altcoin Sherpa, shared his bullish outlook with his 228,100 followers on the social media platform X.

According to the analyst, even the average altcoin will experience substantial price rallies if conditions turn bullish for crypto.

Specifically, the trader is eyeing decentralized oracle network Chainlink (LINK) and layer-1 protocol Algorand (ALGO) to rally by 400% to 600% before the current cycle concludes.

“Market average for sh*tcoins from here on out: probably about 3-5x for this cycle on the low end and 5-10x for prices on the high end.

Meaning: If you buy pretty much anything at this point in time, I expect it to go 3-5x.

Here are two examples with LINK [and] ALGO.”

Zooming in on the trader’s chart, he appears to be predicting that LINK will rally by over 350% to revisit all-time high levels. As for ALGO, Altcoin Sherpa shares a chart suggesting that an over 300% move will not even take the coin close to its all-time high of $3.56.

Turning to the top memecoin Dogecoin (DOGE), Altcoin Sherpa believes the altcoin is pausing before sparking a new leg up.

“This is the bottom you want to see for DOGE in my opinion.

Lots of volatility and a range forming.”

At time of writing, DOGE is trading at $0.159.

Altcoin Sherpa also names other coins that he thinks will perform well once the market enters full-bull territory.

“Mid-cap memes are taking a lot of mindshare and I still think stuff like BONK/PEPE/WIF probably outperforms a great percentage of utility coins. But if you’re looking for utility, I would prob go:

-New coins like EIGEN

-High float/older coins like FTM (+rebrand)

-new infra coming out like monad/berachain

-new coins that came out and down only (never pumped) aka REZ, ZK and those types

Lots of different ways to play the upcoming alt pump; be flexible and prepared.”