Daily Crypto News & Musings

Altcoin Sherpa Bullish on CRV, HYPE, BONK; Sees Bitcoin Hitting $100K

4 May 2025 Daily Feed Tags: , , ,
Altcoin Sherpa Bullish on CRV, HYPE, BONK; Sees Bitcoin Hitting $100K

Trader Insights: Altcoin Sherpa’s Bullish Outlook on CRV, HYPE, BONK, and Bitcoin Price Prediction

Crypto markets are buzzing with excitement as Altcoin Sherpa shares his latest insights on promising altcoins and Bitcoin’s imminent breakthrough.

  • CRV and HYPE identified as solid altcoins
  • Altcoin Sherpa plans to accumulate BONK
  • Bullish outlook on Bitcoin with a $100,000 price target

Altcoin Sherpa, a noted crypto analyst, has recently pinpointed Curve DAO (CRV) and Hyperliquid (HYPE) as solid altcoins with strong fundamentals. Curve Finance, behind CRV, is renowned for its efficient and low-slippage trading of stablecoins—cryptocurrencies designed to minimize volatility by being pegged to assets like the US dollar. Hyperliquid, represented by HYPE, is a layer-1 protocol, meaning it’s the foundational blockchain network that operates a decentralized exchange (DEX), allowing users to trade cryptocurrencies directly with one another without a central authority. At the time of Sherpa’s analysis, HYPE was trading at $20.55, while CRV was at $0.697.

Sherpa’s confidence in these assets is clear:

“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.”

This statement underscores the analyst’s belief in the growth potential of these altcoins, driven by their solid foundational narratives and bullish price actions.

On the memecoin front, Altcoin Sherpa plans to accumulate more Bonk (BONK) at its current price of $0.0000164. He shared,

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

This approach highlights a strategy of waiting for potential dips to buy at a favorable price, a tactic essential for navigating the wild volatility of memecoins.

Bitcoin (BTC), the cornerstone of the crypto world, remains a key focus for Sherpa. He maintains a bullish outlook, observing that Bitcoin has retested $74,000 as a support level and formed a higher low on higher time frame charts. This pattern, Sherpa argues, positions Bitcoin for a strong move above $100,000 in the coming weeks, provided the equity markets remain stable. At the time of his analysis, Bitcoin was trading at $95,921.

Here’s how Sherpa detailed his Bitcoin prediction:

“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).”

While Sherpa’s analysis exudes optimism, it’s crucial to recognize the broader market dynamics. Hyperliquid’s success story, with its record-breaking airdrop and surpassing $2.8 billion in trading volume in early March 2025, signifies a growing interest in decentralized trading platforms. This could herald a shift towards more decentralized solutions in the DeFi space, potentially boosting altcoins like HYPE.

Bitcoin’s price movements are pivotal, often triggering an “altcoin season” where other cryptocurrencies follow its lead. However, not all analysts are on board with Sherpa’s bullish narrative. Some on TronWeekly suggest a potential pullback to $80,000 before further growth, underscoring the market’s inherent volatility and the need for cautious optimism.

The crypto landscape is rife with opportunities but equally fraught with risks. For investors, diversification is key, alongside understanding market indicators like the 2-Year Moving Average Multiplier—a technical indicator used to predict market peaks and troughs. While Sherpa’s bullish predictions are tantalizing, staying informed and prepared for potential corrections remains paramount.

Ethical considerations also come into play when following trading advice. The crypto world isn’t immune to “pump and dump” schemes, so it’s critical to invest responsibly and be wary of market manipulation. These investments align with the broader goals of decentralization and financial innovation, pushing forward the mission of disrupting the status quo.

Key Takeaways and Questions

  • Which altcoins does Altcoin Sherpa consider solid investments?

    Altcoin Sherpa considers Curve DAO (CRV) and Hyperliquid (HYPE) as solid investments due to their strong fundamental narratives and bullish price action.

  • What is the focus of Curve Finance?

    Curve Finance specializes in the efficient and low-slippage trading of stablecoins, which are cryptocurrencies pegged to the value of traditional currencies like the US dollar.

  • What is Hyperliquid known for?

    Hyperliquid is a layer-1 protocol that operates a decentralized exchange (DEX), facilitating trading without a centralized intermediary.

  • Why is Altcoin Sherpa interested in accumulating Bonk?

    Altcoin Sherpa is interested in accumulating Bonk (BONK) at its current price level of $0.0000164, indicating a belief in its potential for future appreciation.

  • What is Altcoin Sherpa’s prediction for Bitcoin?

    Altcoin Sherpa predicts that Bitcoin will break the $100,000 mark in the coming weeks, provided the equity markets remain stable. This prediction is based on the formation of a higher low after retesting the $74,000 level as support.