Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin

A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets.

The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid ( HYPE ), is likely to surge by at least 116% from the current level before the end of this cycle.

“…I still think HYPE is a great project and will go to $50+ later this cycle. It just hits too many narratives and I have a bag of this (and I’m doing a little trading just to hope to get more points). Wouldn’t rush into a position here but more scale in. Not one to give you a 10x at these current levels for this cycle in my opinion but could still be a safe one to hold.”

Hyperliquid is trading at $23.16 at time of writing.

Next up is XRP . While observing that XRP is demonstrating strength as it sits just below its all-time high, Sherpa says that XRP is not at an ideal level for long entries.

“For what it’s worth, I don’t actually recommend you buy more at this current position. It’s at former all-time high and this is a natural retracement point. Think you should be patient with it. I’m going to wait a bit before adding and hope it dips.”

Next up is Cardano ( ADA ). The analyst says  Cardano appears “pretty strong” on the weekly time frame and could continue to go up as long as other first-generation altcoins continue to appreciate.

Turning to Dogecoin ( DOGE ), Sherpa says  the largest memecoin by market cap “looks strong still.”

According to Sherpa, Dogecoin could trade in a range for a while before revisiting the 42-month high of around $0.485 reached in December.

Dogecoin is trading at $0.412 at time of writing.

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