Renowned Cryptocurrency Analyst Predicts Mini Altcoin Season
Renowned cryptocurrency analyst Altcoin Sherpa suggests that the ongoing period, marked by substantial gains in various altcoins, can be identified as a mini altcoin season. The analyst anticipates Solana (SOL) and Chainlink (LINK) to continue their bullish runs, with SOL expected to witness a 30% increase and LINK predicted to rise by up to 30%.
Solana’s Bullish Momentum
Experienced cryptocurrency analyst Altcoin Sherpa has shared insights into the potential rise of certain altcoins throughout November. Through a post on their personal account on the social media platform X (formerly Twitter), Altcoin Sherpa conveyed, “We are currently in a good mini altcoin season, and I love seeing it. I predict a slight consolidation in December, followed by a major surge in January. Ethereum (ETH) is likely to catch up with Bitcoin’s (BTC) performance, and I believe scaling needs to start there.”
Altcoin Sherpa specifically highlighted Solana (SOL), recognized as one of Ethereum’s strongest competitors, expecting a further increase of over 30% from its current value. The analyst, optimistic about the continuation of Solana’s over 150% rise in popularity, stated:
- SOL is making incredible moves, and there is no sign yet of FTX’s controlled supply of SOL entering the market.
- If the price closes above $50 on the weekly timeframe, there are no obstacles until the next region known as $75.
- I will continue to expect a rise in Solana until I see otherwise.
Chainlink’s LINK Poised for Upward Movement
Continuing the analysis, Altcoin Sherpa turned attention to Chainlink’s LINK, which has observed a surge of over 110% since October 15th. The analyst predicts an additional rise of approximately 30% from its current value and expressed:
To be honest, I don’t think it will stop at $18-20. There may be a small dip after this, but I still expect much higher targets. Many of us could have bought LINK during the 500-day consolidation period and made more money by holding rather than dealing with trading.
