Cryptocurrency analyst Altcoin Sherpa thinks that some altcoins could make serious gains before the market cycle is complete. He shared his optimistic expectations about these altcoins on the social media platform X, where he has 228,100 followers.

According to the analyst, many altcoins will gain value as market conditions improve. Sherpa expects decentralized oracle network Chainlink (LINK) and layer 1 protocol Algorand (ALGO) to return between 400% and 600% by the end of the cycle. “We could see 3-5x gains on the low end and 5-10x gains on the high end on the market average,” the analyst said. “There’s a 3-5x upside potential for pretty much everything right now,” he said.

Sherpa also commented on the popular memecoin Dogecoin (DOGE). According to him, Dogecoin is in a pause period before rising. He stated that Dogecoin showed high volatility during this period and formed a certain price range. "The bottom levels for DOGE are forming here," Sherpa said, emphasizing that this period should be followed carefully by investors.

Altcoin Sherpa believes that if the market starts to rise, mid-cap memecoins will outperform many utility coins. He predicts that coins such as BONK, PEPE and WIF can offer opportunities for investors, especially with new projects and infrastructure innovations. The analyst noted that investors should be flexible and that it is important to adapt to market conditions with different strategies.

Sherpa predicts that Chainlink could surge more than 350% to return to its past highs, while for Algorand, he said that even a surge of more than 300% would not be enough for the coin to reach its all-time high.

Noting that Dogecoin is currently trading at $0.159, the analyst said that the dynamic structure of the crypto market offers various opportunities to investors. Sherpa stated that it would be useful for crypto investors to update their strategies by closely monitoring market conditions. Projects such as Chainlink and Algorand have potential for investors who want to diversify their portfolio.