Altcoin Analyst Predicts Sonic’s Potential
A popular analyst believes a hot altcoin, Sonic (S), has significant upside potential after impressive gains.
The pseudonymous analyst, Altcoin Sherpa, shared his views with his 242,900 followers on X, indicating that Sonic may soon reach $1.
> “S is still one of the strongest mid-caps there is right now. People forget this coin went to almost $4 last cycle. [Sonic Founder Andre Cronje] bull posting a lot plus some interesting activity over there. Send it way higher.”
He believes Sonic may surge over 16% from its current value to reach this psychological milestone.
> “S: insanely nice chart. $1 is destined in my opinion.”
Sonic achieved a remarkable increase from $0.359 on February 3rd to $0.8615 at the time of writing, totaling a 140% gain.
Bitcoin’s Movement
Next, the trader notes that Bitcoin (BTC) is trapped in a range but hints at a potential breakout.
> “BTC: this price action will continue to give us loads of false hope and is the definition of chop. (Though, I do think the relative bottom is in for many coins.)”
As of now, Bitcoin trades at $98,175, showing a 1.7% increase in the last 24 hours.
Long-term Views on AI-Focused Altcoins
Additionally, he expresses long-term bullish sentiment towards AI Rig Complex (ARC) and MANTRA DAO (OM), a decentralized finance platform.
> “Active longs.
> ARC: insane volatility on this one, has potential to go 20% up or down in a day, still long on this…
> OM: this is a slower trade that is probably going to take several days/weeks to play out and acts as a stablecoin until it goes up 30%. Much more of a safer play for me.”
As of now, ARC is priced at $0.24, reflecting a 30.1% increase, while OM is trading at $8, marking a 5.2% rise for the day.
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