Popular name of X and cryptocurrency community altcoin Sherpa believes that Ethereum rival Fantom price could perform strongly this year. Sherpa suggests that FTM could rise more than 15% from its current value in a short time. lasted.
“FTM is still a very solid altcoin if you ask me, and all things considered it should continue to rise in 2024. However, consolidation would be useful for a longer-term bottom formation. I expect this level to be $0.83 or $0.70. “It is still on the rise and I bought it.”
Looking at its chart, Trdaer suggests that Fantom could drop to the Fibonacci retracement level around $0.80 before rising to $1.15. FTM is trading at $1.02 at the time of writing, up nearly 9% in the last 24 hours.
Altcoin Sherpa then predicts that Ethena (ENA), a governance token launched by Ethena Labs for the project’s DeFi protocol, will explode after a period of consolidation around $1.24.
As reported by Koinfinans.com, Ethena was trading at $1.22 at the time of writing, up 4.6% in the last 24 hours.
Altcoin Sherpa elaborated on his analysis by stating that he expects a pullback before an upward move for Core (CORE), a layer-1 blockchain that takes advantage of Bitcoin’s (BTC) proof-of-work network.
According to Sherpa, CORE is trying to calm down and cool its price around $2.5 after its last strong rise. Stating that there will be an opportunity if the price drops to 2 dollars, the analyst expects a general rise in BTC ecosystem coins.
The trader recently noted that he remains bullish on Mantra (OM), a crypto project focused on real-world asset (RWA) tokenization.
