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CyberConnect cryptocurrency grew by 326% in a week
Crypto analyst Altcoin Sherpa believes that one little-known, low-capitalization altcoin «defied the market decline» last week and has not yet completed its growth. We are talking about the CyberConnect token (CYBER).
The altcoin has attracted the attention of crypto traders as its price rose by more than 326% last week. The cryptocurrency reached its all-time high on September 1, when the token was trading at $ 15.79.
Altcoin Sherpa warned that the coin could witness a deep correctional movement. The crypto expert said that traders should be «on high alert.»
«The current [на графіку] area is the place to watch… Everybody is shorting like crazy and getting knocked down, and then you see a massive crash,» the analyst said.
At the time of writing, CYBER is trading at $ 5.85, down 18.39% from yesterday. The coin’s market capitalization amounted to $ 64.7 million, and traders made daily trading deals worth $ 144.11 million.
Given the correction, Altcoin Sherpa predicts that CYBER will eventually regain its bullish momentum on the way to a new all-time high. However, according to the analyst, it is still unclear when the digital asset will reach its target.
«But [мене] will not be surprised if it eventually reaches $ 17,» the crypto expert emphasized.
It is worth noting that the movement to $ 17 means a growth potential of more than 132% from the current CYBER prices.