Will This New Altcoin Skyrocket? Analyst Predicts Double Increase in Wormhole (W)!

Bittime - The crypto world is again shocked by analysts' predictions for new entrant altcoins. Renowned crypto analyst, Altcoin Sherpa, who has 213,900 followers on social media, provided an interesting view on the potential price spike of an altcoin.

Wormhole (W): Potential to Rise Sharply

Altcoin Sherpa predicts Wormhole (W), a newly launched cross-blockchain messaging protocol, is likely to experience a significant price increase in a matter of weeks. 

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According to him, this increase was triggered by the free token distribution program (airdrop) and W listing on several exchanges.

"Buy W to achieve financial freedom!" suggests Altcoin Sherpa. 

Also read: W Wormhole Token Launches, Here's What You Need to Know!

"Wait for the airdrop participants who panic easily (jeeting) to sell their tokens, only then will the price of W soar. Is it true that projects collaborating with Jump Trading Group don't have strong market maker connections?"

W is currently trading at $0.99, down nearly 6.41% in the last 24 hours. This analyst sees that W's price movement pattern may be similar to Jupiter (JUP), a token launched by the decentralized trading platform (DEX) Jupiter last January.

"Maybe you can use JUP as a reference," said Altcoin Sherpa. 

"Even though I estimate that the selling pressure on W will not be as severe as JUP at the start, we'll see. What is certain is, if you buy and hold for a few weeks, the price will likely increase several times (of course depending on Bitcoin's movement)."

Predictions for Solana and Celestia

Apart from W, Altcoin Sherpa also provides predictions for other altcoins. He estimates that Solana (SOL) is experiencing a correction and has the potential to fall 20% from its current price.

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"For SOL, buy from $160 to $140 and have fun getting in at this price level," he advises. SOL is currently trading at $175, down more than 4% in the last 24 hours.

Also read: The Future of Solana (SOL) & Solana ETF Predictions

The analyst also sees many other altcoins being corrected, including Celestia (TIA), a decentralized network that allows anyone to create their own blockchain with ease and minimal fees. 

Even so, he believes TIA has the potential to rise immediately after finding its lowest point.

"Many altcoins have seen volatility over the past few weeks," said Altcoin Sherpa. 

"The prices of assets such as BLUR and TIA are at crucial levels, but it is possible that they could fall further. However, the gradual buying strategy (dollar cost averaging) on ​​the altcoin you are interested in is still relevant. I think there is still a lot of profit potential in the future. "

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Altcoin Sherpa Predictions suggests that TIA price will probably fall to the $10 range before eventually rising again. Currently, TIA is trading at $11.90, down more than 3% in the last 24 hours.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Bitget Launches New CandyBomb with Wormhole (W) Prizes

Wormhole (W) Comes to Kraken, Trading Opens April 3!

Wormhole Hackers Could Take Part in the Latest Airdrop? Here's the explanation

Solana: Memecoin & Scam Boom, Is That All?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.