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SUI, PEPE, and LINK: Cryptos to watch according to an expert

Mon 15 May 2023 ▪ 4 min of reading ▪ by La Rédaction C.
Getting informed Altcoins

An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in PEPE. Despite its controversial reputation, and believe that LINK could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on these cryptos!

Trader climbs stairs, green candles symbol of rising cryptos

SUI is about to pump, according to the pseudonymous analyst

The crypto market is currently experiencing a period of stagnation, with the queen of cryptocurrencies, Bitcoin, struggling to regain the $30,000 mark. However, some coins continue to shine, notably the famous memecoin PEPE, which is having its moment in the market.

A crypto analyst, known as Altcoin Sherpa, has expressed bullish sentiment towards certain cryptos. In a video posted on YouTube, Sherpa told their 11,000 subscribers that the native token of the Layer-1 blockchain Sui (SUI) is about to experience a significant increase in value.

I mean I actually do think this is going to pump really hard to be frank and honest with you. I don’t know when or where, but the overall float on this token is really, really small relative to the overall supply and it’s easy for markets makers to manipulate this thing. To be frank and honest, buying around a buck or something, that would probably be profitable.

https://youtu.be/99a-QsMP7DA?t=280

Sherpa did not ignore Bitcoin’s dominance in the crypto market. In their analysis, they stated that if the price of Bitcoin drops, SUI could also decline by more than 20%.

If Bitcoin mixed another leg down which you should obviously take into consideration if you are trading any altcoin whatsoever then this is going to go lower. It’s going to go to the 0.8-0.82 cents area or something like that for the next level down.

https://youtu.be/99a-QsMP7DA?t=302

In fact, Sui is a high-speed, low-latency first-layer blockchain programmed in Rust. It was launched this month. Its SUI token is trading at $1.05 at the time of writing this article, with a market capitalization of $559,092,432.

PEPE and LINK, future crypto gems?

Altcoin Sherpa commented on several other cryptocurrencies. According to them, PEPE is currently experiencing high transaction volume, indicating strong demand for this meme currency. Its current price is very low, between $0.0000015 and $0.0000020. According to Sherpa’s analysis, it is a favorable time to invest in the long term, but it will depend on Bitcoin’s evolution.

Regarding Chainlink (LINK), Sherpa believes that this 22nd-ranked crypto asset in terms of market capitalization will present a buying opportunity once it emerges from its long accumulation period. They think this crypto will become very strong once it starts moving. Currently, it is trading at $6.46.

I’m not going to buy this one until it breaks the range high. So, around $9.15 or something like that… I believe that LINK will become strong because it’s chopped around in the accumulation mode for a year. This is a long accumulation period and I do believe that it’s going to be strong once it actually does start to move.

https://youtu.be/99a-QsMP7DA?t=434

In the end, it’s important to remember that these predictions are subjective analyses and should not be considered investment advice in any way. Therefore, it is crucial to conduct your own research before making an investment decision.

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La Rédaction C. avatar
La Rédaction C.

The Cointribune editorial team unites its voices to address topics related to cryptocurrencies, investment, the metaverse, and NFTs, while striving to answer your questions as best as possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.