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Home»Crypto»Trader Says One Layer-1 Altcoin ‘Destined’ for New All-Time High, Warns of Potential 50% Correction for WIF and POPCAT
Crypto

Trader Says One Layer-1 Altcoin ‘Destined’ for New All-Time High, Warns of Potential 50% Correction for WIF and POPCAT

June 15, 2025No Comments2 Mins Read
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An experienced trader shares his positive outlook on a layer-1 decentralized exchange (DEX) altcoin, suggesting that it is poised for significant price increases.

Known as Altcoin Sherpa, the analyst informs his large following on X that Hyperliquid (HYPE) shows notable strength despite recent market fluctuations.

The trader observes HYPE consolidating near its all-time highs, indicating a potential upward movement towards a new record peak.

“HYPE is showing remarkable resilience at the moment and seems poised for further growth. We might experience some price fluctuations, but a target of $50 or higher seems probable, even in the current volatile market conditions.”

Image
Source: Altcoin Sherpa/X

As of the latest update, HYPE is valued at $40.44.

While optimistic about HYPE, Altcoin Sherpa holds a bearish view on two Solana (SOL)-based meme coins. He warns that dogwifhat (WIF) and Popcat (POPCAT) are currently in a downtrend and could face further declines if Bitcoin fails to reach new all-time highs.

“The coming days will be crucial for many of these tokens; a possible lower high formation is on the horizon. The market’s direction heavily relies on Bitcoin’s performance. A breakthrough to new highs could lift altcoins, but without it, a 30-50% drop is conceivable, as seen with WIF and POPCAT.”

Image
Source: Altcoin Sherpa/X

According to Altcoin Sherpa’s analysis, POPCAT could potentially decline to as low as $0.22. Presently, POPCAT is trading at $0.31.

Image
Source: Altcoin Sherpa/X

Similarly, the trader’s projections suggest that WIF could drop to $0.60. At the time of writing, WIF is priced at $0.839.

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AllTime Altcoin correction Destined high Layer1 POPCAT Potential Trader warns WIF
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