Widely Followed Crypto Analyst Says Two Altcoins Have Strong Fundamental Narratives While Flashing Bullish Price Action

A widely followed crypto analyst thinks that two altcoins have strong fundamental narratives while flashing bullish price action.

A persistent crypto analyst is keeping an eye out for a memecoin to accumulate.

As always, traders and investors in the cryptocurrency market are interested in hearing what well-known analysts have to say.

A widely followed crypto analyst is highlighting two altcoins that he thinks have strong fundamental narratives while flashing bullish price action.

Pseudonymous trader Altcoin Sherpa tells his 245,400 followers on the social media platform X that the native assets of Curve DAO (CRV) and Hyperliquid (HYPE) are among the few “solid” altcoins in crypto.

Curve Finance is a stablecoin-focused ecosystem, specializing in the efficient and low-slippage trading of dollar-pegged crypto assets.

“If you’re an investor that prefers narrative over anything else, I think most of the altcoins are pretty bad fundamentally—either a silly use case or just a scam/rugpull in disguise. But if you’re an investor that relies on these types of fundamentals, there are a few good ones like CRV and HYPE, those charts look pretty solid overall.”

At the time of writing, HYPE is trading for $20.55.

At the time of writing, CRV is trading for $0.697.

The trader is also keeping an eye out for memecoin Bonk (BONK).

“Staying patient for BONK and would love to buy in the green box if it gives.”

At the time of writing, BONK is trading for $0.0000164.

As for Bitcoin, the trader says the crypto king looks bullish on the high time frame after retesting the $74,000 level as support.

“Higher time frame view of BTC: higher low formed in that chop period, it was similar to that May 2021 area where price formed a low. I think it’s a great low given the amount of time (two months) and volatility that we saw. While there are going to be some small pullbacks, I think we strongly break $100,000 in the next several weeks as long as equities don't completely sh** the bed (sadly, I see a lot of lower high / it's over type of posts). ”

At the time of writing, Bitcoin is trading for $95,921.

News data source: kdj.com

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