Altcoin Market Sees Surge as Analyst Highlights Top Picks for Growth
The crypto market has seen significant gains in recent days, with Bitcoin rising nearly 6% in 24 hours and Ethereum gaining about 22% over the past week. One analyst is capitalizing on this momentum by focusing on stronger projects rather than chasing random tokens after they pump.
Hyperliquid (HYPE) remains one of his biggest convictions due to its leading position in perpetual futures trading, growing revenue, and token economics. The project recently received a boost from President Donald Trump's mention of it, which may give crypto projects an extra boost, especially after Trump has previously mentioned other assets.
The analyst warns that investors should not chase HYPE after its latest surge, but rather wait for a pullback or fresh news before buying. Zcash (ZEC), on the other hand, is his preferred trade, with expectations of it reaching $600 in the next few days if Bitcoin makes another move higher.
Bittensor (TAO) has broken out and is expected to continue toward $225 in the short term, while Pump.fun (PUMP) remains a meme-coin play. For AI-related exposure, he recommends Venice and the NEAR Protocol, with NEAR being a reasonable DCA opportunity.