Cryptocurrency is becoming one of the most popular investing topics of our day. As such, many crypto analysts have been releasing their takes on the sector and its top projects. One such analyst is Altcoin Sherpa, who, with an 11,000-strong YouTube subscribers base, is a notable figure in the crypto space. The trader recently spoke about one of the newer blockchain projects, Sui (SUI).

According to Sherpa, SUI is primed for a big rally, however, this will only be possible if Bitcoin (BTC) behaves and the overall float of is small, allowing for relatively easy manipulation. Sherpa's suggested buy-in price for SUI is around the $1 mark. The analyst warns that, if BTC takes a downward trajectory, SUI could drop by over 20% quickly.

Sherpa also gave an outlook on Pepe (PEPE), a notorious memecoin. He noted that, at the moment, it is stuck in an $0.0000015 to $0.0000020 range with high trading volumes and could make a good swing long invest option. A notable statement came when he suggest this investment should only be made if Bitcoin behaves.

The analyst rounded out his take on the leaders of the cryptocurrency market by giving an outlook on Chainlink (LINK). He suggests that the 22nd-biggest crypto asset, although currently stuck in an accumulation mode for the past year, gives a good buying opportunity once it breaks out of its current range. Link is trading at $6.46 as of writing.

In conclusion, cryptocurrency trader Altcoin Sherpa's most recent analysis of the sector is that Sui (SUI) is in for a big rally if Bitcoin (BTC) behaves and Pepe (PEPE) could make a good swing investment, and although Chainlink (LINK) is stuck in an accumulation period the buying opportunity will present itself if it breaks out of its current range.



Other News from Today