Cryptocurrency Market Surges as Analysts Eye Top Altcoins for Potential Gains

The cryptocurrency market is experiencing a surge in activity, with Bitcoin rising nearly 6% in 24 hours and Ethereum gaining about 22% over the past week. One analyst believes investors are not too late to enter the market, but warns against chasing random tokens after they pump.

Hyperliquid (HYPE) remains one of the analyst's biggest convictions due to its strong position in perpetual futures trading, growing revenue, and token economics. The project received a boost when President Donald Trump mentioned it, stating that the CFTC is working on bringing Hyperliquid to the United States.

Zcash (ZEC), however, is the coin the analyst is most willing to trade right now. It gained around 16% over the week and was trading near $560. The analyst expects Zcash could reach $600 in the next few days if Bitcoin makes another move higher, which would represent an 8% gain from $560.

The analyst also sees a possible leveraged trade with ZEC at 3x leverage, where an 8% move could produce roughly a 25% gain. However, losses can increase just as quickly.