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Famous crypto analyst and trader Altcoin Sherpa has addressed the cryptocurrency community, expressing his expectation for a rise in Internet Computer (ICP), Sei (SEI), and Gala (GALA). With a large following on social media platform X, Altcoin Sherpa stated that ICP has completed its consolidation phase and is ready for a potential uptrend. The analyst also highlighted the growth potential of SEI’s potential range breakout and GALA’s investment opportunity, despite their past downtrends.
ICP Shows Continued Uptrend Expectations
According to Altcoin Sherpa, ICP, which is trading at $17.60 at the time of writing, has emerged from a weeks-long consolidation period and is signaling a positive price trajectory in the coming weeks.
This assessment by the analyst comes after ICP’s notable rise of over 70% in the last seven days. As known, Internet Computer has recently gained investor interest due to its goals of increasing the speed of the internet and scaling it on decentralized networks.
Positive Outlook for SEI and GALA
Following ICP, Altcoin Sherpa moved on to Sei, noting that the Layer 1 network has been trading within a range it has been stuck in for about three months, making occasional upward moves. Despite the long-standing consolidation, the analyst emphasized that SEI is expected to continue volatile price movements in the short term, but the end of this consolidation period and an inevitable upward attack are imminent.
Finally, Altcoin Sherpa drew attention to an attractive investment opportunity in GALA, the mainnet asset of the Blockchain-based gaming platform Gala. Despite trading 92% below its all-time high of $0.825 reached in November 2021, the analyst underlined that he views the risk-reward ratio of GALA positively.
With GALA trading at $0.065, Altcoin Sherpa noted that the altcoin project has promising potential for an upward move, especially if it continues to be supported with sufficient funding, catalysts, and development activity.
