A widely followed crypto trader is turning bullish on a handful of altcoins as digital assets attempt to find a bottom.

The pseudonymous trader and analyst known as Altcoin Sherpa says he’s bullish on KAITO, an artificial intelligence (AI)-powered Web3 information platform.

He tells his 243,000 followers on the social media platform X that he’s looking to see KAITO rally above the $2.50 level, about 20% higher than current prices.

“KAITO just longed around this area, targeting $2.50 and higher. will take profits along the way, hope BTC is stable.”

At time of writing, KAITO is worth $2.09.

Also in the AI sector, Altcoin Sherpa says AI Rig Complex (ARC), a Rust-based AI agent framework, is likely sitting at a local bottom and is ready to head higher.

“I still have a bag of this and still feel pretty decent about it. It’s shown a lot of strength relative to other AI coins and, although the volatility is high on it, I still think this is the relative bottom. 200 exponential moving average on the four-hour acting as a stopping point and $0.19 still seems like a decent entry in my opinion.”

At time of writing, ARC is trading for $0.22.

Looking at the mid-term time frame, the trader names three of his top altcoin picks. His watchlist includes the layer-one blockchain Sonic (S), decentralized finance (DeFi) protocol Maker (MKR), and a toss-up of intellectual property-focused project Story (IP), Ethereum (ETH) virtual machine (EVM) chain Berachain (BERA) and KAITO.

“If I were to choose three coins to hold for the mid-term, they’d probably be:

S: good defi activity, strong rebrand, lots of $$ going on there + Andre

MKR: insane chart, continually grinding higher, strong og defi

prob one of BERA/KAITO/IP, all these new coins are strong.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A popular analyst thinks that one top-30 altcoin may be among the best-performing digital assets in the near term as the crypto markets chop around.

The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that he is leaning bullish on the utility token of the decentralized open financial system Hyperliquid (HYPE).

“Best positions right now in order of best to worst:

1. Cash.
2. Majors.
3. HYPE.
4. Utility or older coins like AAVE, LINK, XRP, OM.

Everything else is pretty mehhh.”

HYPE is trading for $23.27, at time of writing, down 8.8% in the last 24 hours.

Next up, the trader suggests that Ethereum (ETH) may have an explosive move this cycle, but is uncertain when.

“Everyone talking about ETH and it makes a lot of sense:

• Top Trump projects are on ETH ( LINK, AAVE, others).
• SOL is pretty screwed from a mindshare perspective (rugs/etc.).
• No real ETH pump (yet).
• ETH/BTC has been f**ed.

I do believe it’ll happen, just don’t know when/how.”

However, he warns that in the near term, ETH may be forming a bull trap.

“ETH: I’m not going to get trapped on this one.”

ETH is trading for $2,662 at time of writing, down 2.9% in the last 24 hours.

Lastly, the analyst suggests that artificial intelligence (AI)-focused altcoin Artificial Superintelligence Alliance (FET) and AI-related memecoin Act I: The AI Prophecy (ACT) may have reached their market bottoms and may be poised for breakouts

“I think we’re anywhere from one month to two weeks into the consolidation period for most of these shitcoins. This is the chop period where nothing much really happens, but I still feel that most of the good ones are fairly bottomed at this point. FET, ACT are two examples.”

FET is trading for $0.72 at time of writing, down 4% in the last 24 hours. Meanwhile, ACT is trading for $0.18 at time of writing, up 1.3% on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls.

Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the $0.40 range.

After a correction, the trader says that ZEREBRO will be “very strong” in the future.

“$0.50 is still resistance and I expect some sort of pullback between here and low $0.60s but I still think this is going to be a very strong one going forward. I have a solid bag of this. Team is full of shippers

I’d view the $0.40ish area as a decent entry.”

At time of writing, ZEREBRO is trading at $0.54, up 38% in the last 24 hours.

Altcoin Sherpa is also bullish on decentralized perpetuals exchange Hyperliquid (HYPE).

He says that those looking to position themselves long on HYPE can start to look at accumulating at current prices, with a potential target above the $50 level.

“HYPE DCA (dollar cost average) between 30-25 and feel good about it.

Also consider saving some $$ to buy lower in case it comes. low 20s would be a gift and I plan on adding plenty more if it comes.

still think it goes to $50+ before cycle end.”

At time of writing, HYPE is trading for $0.26.

With his eye on the memecoin sector, the trader says many of the big memes like MOODENG, CHILLGUY, or PNUT “all either send hard” from current prices or “fall off a cliff.”

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