A popular cryptocurrency analyst under the pseudonym Altcoin Sherpa believes that there is a high probability of consolidation of the altcoin market, and this phase could last several months.

As an example, he cites one of the top altcoins LINK of the Chainlink decentralized oracle project. This token consolidated for a very long time, then showed an increase of 3-4 times, but is now correcting again. According to Altcoin Sherpa, this is too little growth compared to the duration of the consolidation.

“It is very likely that the altcoin market will be stagnant for the next months, I think up to four months. There will be exceptions, of course, but I believe that most alternative cryptocurrencies need time to cool and consolidate after the recent rally. The problem is that many altcoins have not grown much in recent months. For example, LINK. It was in the accumulation phase for more than 500 days and grew only 3-4 times (depending on the entry point), and now the price is completely rolling back,” wrote the cryptocurrency analyst.

Altcoin Sherpa believes that in the coming months only specific and large projects, such as Ethereum or Solana, will perform well. Among the “specific” ones, he highlighted projects related to artificial intelligence, memcoins and new projects like Ethena.

Altcoin Sherpa recently called for investing in the Wormhole project “for financial freedom.” In new messages, he confirmed his forecast and added that the Ethena project also looks extremely interesting.