Cryptocurrency analyst Altcoin Sherpa states that two crypto assets with a market value below $1 billion have bullish potential. Focusing on the Jupiter (JUP) and Manta Network (MANTA) projects, the analyst offers a series of analyzes on the future performance of these digital assets.
Altcoin Sherpa first published on Jupiter (JUP) in evaluationsuggests that JUP could form a local bottom around $0.50 and then rally as high as $0.82. With this analysis, Trader believes that JUP has a significant upside potential and invites investors to evaluate this potential opportunity.
“I still think it will go up in the short term, but before that big move up (say to $1 or more), I think it will just go down for a while.”
JUP is one of the most popular altcoins of recent days. The project made a name for itself with its airdrop initiative. The support it received from the stock exchanges was also one of the factors that contributed to JUP’s rise. The altcoin is trading at $0.58 at press time.
Moving to Manta Network (MANTA), Altcoin Sherpa thinks that this privacy-focused crypto project can make a significant jump if Bitcoin (BTC) does not witness a major downward movement.
“This could return to the $2.50 or lower area. In my opinion, the ones that still need to be looked at are the new coins. “Be careful, but as long as Bitcoin (BTC) is stable, (MANTA) will recover in a short time.”
MANTA is trading at $3.05 at press time.
Finally, another cryptocurrency on the analyst’s radar is the decentralized oracle network Chainlink (LINK). Altcoin Sherpa says the crypto asset is in an uptrend and will likely see higher prices if it breaks its critical resistance.
“LINK: If the price breaks the $18 level, I think it will move to $24 in the medium term (or higher). There are also smaller levels like $20, but overall it still looks strong.”
Altcoin Sherpa’s analysis can guide investors, but it is always important to consider changes in market conditions and other factors. Conducting detailed research and assessing risks before investment decisions is important for the safety of investors.
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