Crypto Market Gains Momentum as Analysts Pinpoint Key Altcoin Opportunities
The crypto market is gaining speed, with Bitcoin rising nearly 6% in 24 hours and Ethereum gaining about 22% over the past week. Hyperliquid has jumped around 16% in a day.
The In The Money analyst says investors are still not too late to join the altcoin party. He prefers focusing on stronger projects rather than chasing random tokens after they pump.
Hyperliquid remains one of his biggest convictions, considered one of the strongest altcoins due to its leading position in perpetual futures trading and growing revenue.
The analyst is cautious about chasing HYPE after its latest surge. It had fallen to around $51, where he was adding to his position, but has since moved sharply higher.
Zcash is the coin he is most willing to trade right now. ZEC gained around 16% over the week and was trading near $560. The analyst expects it could reach $600 in the next few days, particularly if Bitcoin makes another move higher.
Bittensor has also delivered a strong move, gaining around 20% since spending about a month around the $190 range. He expects the breakout to continue toward $225 in the short term and still sees TAO as a good long-term spot accumulation.