A prominent crypto analyst, Altcoin Sherpa, recently shared two altcoins he believes will reach their all-time highs last seen in 2022. He provided critical insights into three altcoins in his portfolio, highlighting their potential for significant value increases.
The analyst expressed on social media that Stacks (STX), a project enabling smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC), could soon surpass its previous high of $1.73. At the time of writing, STX was trading at $1.61, with its all-time high (ATH) at $3.39 in December 2021.
The second altcoin poised for growth, according to the investor, is Lido DAO (LDO), a crypto project that allows users to stake Ethereum (ETH) without locking assets or maintaining infrastructure. The analyst believes LDO is set to break its ATH and is one of the best picks.
LDO is projected to exceed its last high of $3.89 from April 2022, though it was trading at $3.28 after a recent 2% drop. Its ATH was $7.30 in August 2021. Lastly, the trader cautioned that Solana (SOL) could fall to a price between Fibonacci retracement levels of $84.50 and $71.67 after a massive rally that exceeded $120. He suggests SOL might need time to cool off and wouldn’t be surprised to see it drop to lower levels of $70-$80.
Overall, Altcoin Sherpa’s analysis indicates bullish trends for STX and LDO, with a more cautious outlook for SOL, advising investors to be aware of potential retracements after significant rallies.