A widely followed crypto strategist believes that one newly launched altcoin could see gains of multiples within weeks.
Pseudonymous analyst Altcoin Sherpa tells his 213,900 followers on the social media platform X that cross-chain messaging protocol Wormhole (W) could head much higher after a recent airdrop of tokens and a listing on several exchanges.
“W: long Wormhole for financial freedom. Wait for the air-droppers to jeet (a sell-off by extremely risk-averse investors at the slightest sign of a downturn) and then this will go much higher. Do you really think that a project that worked very closely with Jump [Trading Group] doesn’t have good market maker (MM) connections?”
Source: Altcoin Sherpa/X
W is trading for $0.98 at time of writing, down nearly 9% in the last 24 hours.
The analyst suggests W may follow a similar price pattern as Jupiter (JUP), the token launched in January by decentralized exchange (DEX) aggregator Jupiter.
“You can maybe use JUP as some
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