According to a trader, a top-10 altcoin that has experienced a 400% surge in one month could potentially rally to a new all-time high.
A well-known analyst and trader who goes by the pseudonym Sherpatellshis is expressing a bullish outlook on a large-cap altcoin that has surged more than 5 times in the span of a month.
Sherpatellshis, who has 233,400 followers on the social media platform X, stated that he wouldn’t be surprised if XRP achieves a new all-time high against the US dollar.
Currently, XRP is trading at $2.65, which is approximately 23% below its previous all-time high of $3.40. The third-largest cryptocurrency by market capitalization has seen a remarkable increase of around 434% since November 4th.
According to Sherpatellshis, the XRP/Bitcoin pair offers a more favorable risk-reward ratio. Looking at Sherpa’s chart, it appears that XRP/BTC is currently below a resistance level that has been in place since May 2021. Moreover, it is approximately 88% below its all-time high of 0.0002247 BTC.
At the time of writing, XRP is trading at 0.00002727 BTC ($2.63).
In addition to XRP, Sherpatellshis also shared insights regarding the Solana (SOL) ecosystem. He believes that several artificial intelligence (AI) coins on SOL will gain strength in the coming months, making it the best combination of speculation and technology. Sherpatellshis highlighted several AI-related crypto assets, including Goatseus Maximus (GOAT), The AI Prophecy (ACT), and Zerebro (ZEREBRO), as solid investment options.
Zerebro is currently trading at $0.373, representing an increase of approximately 2,148% over the past 30 days. The AI Prophecy is priced at $0.532, reflecting a surge of around 2,430% in the past month. Meanwhile, Goatseus Maximus is trading at $0.817, with a gain of approximately 62% in the last 30 days.
Please note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and it is not an investment advisor.
