A popular analyst in the world of cryptocurrency believes that there is still room for growth in a particular altcoin that remained strong despite market challenges last week. Check out the latest reports about this below.

Altcoin is shining in the spotlight

Altcoin Sherpa, who has a following of 196,200 on X social media platform, has his eyes on CyberConnect (CYBER), a low-cap altcoin in the social network industry. CYBER gained attention among traders as it surged by over 326% last week to hit an all-time high of $15.79 on September 1st.

Altcoin Sherpa cautioned that CYBER was in a position to experience a significant drop as it printed its all-time high, alerting traders to be watchful of the situation. According to him, the current area is one to observe, as some traders are shorting like crazy and may end up experiencing a massive dump.

As of now, the trading price of CYBER is $7.32, which has decreased by more than 40% in the past 24 hours.

According to Altcoin Sherpa, even though there is a correction happening, CYBER will eventually recover and reach a new all-time high. However, there is no specific timeline for when this will happen.

Altcoin Sherpa has stated that it would not be surprising to see CYBER reach $17 eventually. If this happens, CYBER’s value could increase by over 132% from its current price.

Bitcoin latest news

As per a renowned crypto strategist, Bitcoin (BTC) has the potential to witness a surge in its value, despite the current unpredictable market conditions.

Jason Pizzino, an analyst with a subscriber base of 290,000 on YouTube, recently advised in a strategy session that if Bitcoin’s price falls to approximately $23,500, it may lead to negative sentiment among BTC investors.

This, in turn, could create a gap of around 9% between $26,000 and $23,500. Pizzino further explains that the current low volatility in the market can be attributed to a lack of activity, and even a minor hike in the price can result in significant fluctuations.