- Crypto analyst Altcoin Sherpa predicts that the low-volume altcoin CyberConnect (CYBER) is yet to reach its peak.
- Despite recently hitting an all-time high, CYBER is expected to continue its upward trend.
- The analyst forecasts a short-term surge of over 130% for CYBER.
Altcoin Sherpa, a renowned crypto analyst, believes that CyberConnect (CYBER), a low-volume altcoin, has not yet reached its peak, despite recently hitting an all-time high. The analyst predicts a short-term surge of over 130% for CYBER.
CYBER’s Upward Trend: A Closer Look
Altcoin Sherpa, a well-known figure in the crypto investment community, has been closely monitoring the performance of CyberConnect’s native asset, CYBER. This low-volume altcoin has defied the recent market stagnation, registering an impressive increase of over 325% in value over the past week. Since its launch on August 15, 2023, CYBER has hit an all-time high of $15.79 on September 1, 2023, capturing the attention of the entire crypto world.
Warning of a Potential Correction
As CYBER continues its explosive growth, Altcoin Sherpa has cautioned investors and traders about a possible deep correction. The analyst warned that the current region is one to watch closely, as many are short-selling and getting crushed. He further noted that a significant drop usually follows after short-sellers are crushed.
Forecasting a Short-Term Surge for CYBER
Despite anticipating a correction, Altcoin Sherpa predicts that CYBER will regain its upward momentum and eventually reach a new all-time high. Although the analyst did not provide a specific timeline for when this might occur, he expressed confidence that it would not be surprising to see CYBER eventually rise to $17. A price movement towards this level would represent an upward potential of at least 130% from current prices.
Conclusion
In conclusion, while the crypto market can be unpredictable, analysts like Altcoin Sherpa provide valuable insights that can help investors make informed decisions. Despite the potential for a correction, the overall outlook for CYBER remains positive, with the analyst predicting a short-term surge of over 130%. As always, investors should do their own research and consider various factors before making investment decisions.
