The cryptocurrency market is trying to gather strength as it consolidates. Leading crypto Bitcoin has found support at $63,000 for now, and the yen is preparing for its move. A mixed outlook prevails in the altconi. In this atmosphere of increasing uncertainty, an analyst with a wide following says that an Ethereum rival altcoin project is poised to more than double its profits this year. The analyst also states that 2 altcoins are also on the rise.
“Solana will be over $500 in 2024!”
cryptokoin.comAs you follow from , market players are acting cautiously after the recent sales. However, analysts say some projects are poised for stronger moves. Popular analyst nicknamed Altcoin Sherpa predicts that Ethereum rival Solana (SOL) will hit all-time highs this year. However, while the analyst is long-term bullish on SOL, Ethereum expects its rival to witness a pullback before starting a fresh rise. In this context, Altcoin Sherpa makes the following statement:
There will probably be a pullback somewhere around $200-250. However, I don’t know how deep it will be. Still on the rise this cycle, the best blockchain for the individual (meme coins are proof of this). It will probably be more than $500 in 2024!
Meanwhile, Solana was trading at $175 at the time of writing, down 4.7% on a daily basis. However, SOL is still in the greener territory at 14% on its weekly chart.
Altcoin Sherpa: RSS3 is still a very strong coin!
The analyst is also looking at RSS3, a decentralized information processing protocol. Altcoin Sherpa says RSS3 is trading in a range with an upper limit of $0.57 and a lower limit of $0.40. In this context, the analyst said, “I still invest in RSS3, which is still a very strong coin. Also, I have a bag. “It’s changing for now, and I think it’s very strong amid market volatility.” says.
Meanwhile, RSS3 was trading at $0.4693 at the time of writing, down 3.2% in the last 24 hours. The token is up nearly 14% on its weekly chart.
““Buy ONDO for financial freedom around $0.43”
Finally, the analyst is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs), including short-term bonds and U.S. Treasuries. The analyst said, “ONDO: Buy ONDO for financial freedom around $0.43. “It is one of my bags for real world assets (RWA) this cycle, I expect good things for the future.” says.
Meanwhile, Ondo was trading at $0.611 at the time of writing, up more than 43% in the last 24 hours. With this move, ONDO moved to the green zone on its weekly chart.
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