In cryptocurrency markets, all eyes turned to the altcoin, where a widely followed analyst expressed bullish expectations. This analyst, known by the nickname Altcoin Sherpa, highlighted the potential of Internet Computer (ICP), which is in the top 30 by market capitalization.
ICP stands out as a project based on decentralized networks. According to the analyst, ICP’s consolidation period, which started earlier this year, appears to be complete and is now expected to enter an uptrend.
To the analyst according to, “ICP: Looks like you’ve completed a few weeks of accumulation, it’s time to move on. “In my opinion, this is a coin that will be actively traded for the next few weeks.”
Another altcoin on the analyst’s radar is Sei (SEI). Altcoin Sherpa expects SEI to continue trading in a range that began forming 83 days ago.
“SEI: We have been in this trading range for about three months with some deviations to the upside. “I expect more sideways movement here for a while.”
NEWS CONTINUES BELOW
The last cryptocurrency evaluated by the analyst is Gala (GALA). Altcoin Sherpa says GALA, which is 92% below the all-time high price of $0.825 reached in November 2021, offers an attractive bullish opportunity.
According to Altcoin Sherpa’s assessment, Gala’s current situation is quite interesting in terms of risk-reward ratio
“GALA: Some of these cryptocurrencies have a long way to go to reach all-time highs. “I’m not saying they’ll get close to that, but if these projects still have some money in the bank + catalysts + continue to thrive in a bear market, the upside would certainly be good.”
GALA is trading at $0.065 at the time of writing.
As a result, these analyst evaluations can provide an important reference point for investors. However, as with every investment decision, these considerations need to be carefully considered and integrated into personal investment strategies.
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