Bitcoin may still be under pressure, but one crypto analyst says the market could be getting closer to a bottom. Referencing Coinbase CEO Brian Armstrong’s recent comments, the analyst explained that Bitcoin’s $60,000 level may mark the cycle low.
More than 50% of Bitcoin holders are currently in loss, a signal that also appeared near the bottoms of the 2018 and 2022 bear markets.
While he expects weakness could continue for a few more months, he sees the current period as an accumulation phase. Here are Top 3 Altcoins to Buy:
XLM’s Big 2027 Opportunity
Among the altcoins on his watchlist, Stellar (XLM) is one of the most overlooked projects.
- His bullish outlook centers on the planned tokenization initiative involving the Depository Trust & Clearing Corporation, which holds and processes over $100 trillion in assets.
- According to the analyst, Stellar has been selected as part of efforts to bring traditional financial assets on-chain, with broader implementation expected in 2027.
- He stressed that this is a long-term story rather than a short-term trade. While XLM remains far below previous cycle highs, he sees current prices as attractive compared to where the token could trade if tokenization adoption accelerates over the next year.
- As of now XLM is trading at $0.2211 and is up by 2.3% in the last 24 hours.
Aerodrome Finance Gains Attention
- The next on the radar is Aerodrome Finance (AERO). The analyst pointed to AERO’s growing role within the Base ecosystem and upcoming expansion plans that could increase its visibility across the broader DeFi market.
- He also referenced recent bullish forecasts for Uniswap from major financial institutions, arguing that AERO could benefit from similar growth trends within decentralized finance.
- According to him, Aerodrome’s model stands out because it distributes trading fees back to token holders while continuing to expand its liquidity network.
- As of now AERO is trading at $0.4936 and is up by 8.86% in the last 24 hours.
Hyperliquid Remains a Market Favorite
The third project on the list of top 3 altcoins to buy is Hyperliquid (HYPE).
- The analyst described HYPE as one of the strongest performers in the current market cycle, driven by rising trading activity and growing institutional interest.
- He noted that billions of dollars in open interest are flowing through the platform, covering not only crypto assets but also commodities, indices, and other markets.
- He also pointed to strong demand for Hyperliquid-related investment products, noting that ETFs tracking the project have recorded inflows almost every day since launch.
- As of now HYPE is trading at $72.69 and is down by 1.26% in the last 24 hours.
