Renowned cryptocurrency analyst Altcoin Sherpa claims that the current period, in which many altcoins are experiencing significant gains, is a mini altcoin season. The analyst expects Solana (SOL), which has gained over 150% in the past month, to continue its upward trend and experience an additional increase of over 30%. Additionally, the analyst predicts a rise of up to 30% in Blockchain oracle Chainlink (LINK).
Solana’s Bullish Run Expected to Continue
Experienced cryptocurrency analyst Altcoin Sherpa shared expectations of a rise for some altcoins for the rest of November. The analyst stated on their personal account on social media platform X (formerly known as Twitter), “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 mentioned that Solana (SOL), considered one of Ethereum’s strongest competitors, is expected to see a further increase of over 30% from its current value. The analyst, expecting the continuation of Solana’s over 150% rise in popularity, stated the following:
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.
Altcoin Sherpa: Chainlink’s LINK to Reach Up to $20
Following Solana, Altcoin Sherpa focused on Chainlink’s LINK and stated that the altcoin, which has seen an increase of over 110% since October 15th, is expected to experience an additional rise of around 30% from its current value. The analyst expressed the following:
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.
