An Ethereum (ETH) rival that has risen more than 11x this year will witness further gains in 2024, says a crypto analyst with a large following. The analyst is also updating his outlook for SEI and TIA Coin.
Ultra bullish on altcoin Sherpa Solana!
cryptokoin.comAs you follow from , Solana has been on the agenda of the market lately. Even though SOL is losing ground today, some analysts say it will do more in 2024. One of them, the analyst nicknamed Altcoin Sherpa, is looking at the chart of Solana (SOL) against Ethereum (SOL/ETH). According to the analyst, SOL/ETH is on the rise after erasing all losses in the bear market in just a few months. In this context, the analyst said, “Solana is extremely bullish as we enter 2024, I will hold my bag.” says.
As for SOL against the US dollar, the analyst shares a chart showing $135 as the next problem area for the red-hot altcoin. Based on this, “LEFT: There is no second best. A number like $100 could be a good buy dip point.” shares his comment.
SOL, meanwhile, has seen an increase of nearly over 1,000% since opening the year at $9.99. At the time of writing, the token was trading at $112, down 8.5% on a daily basis.
According to the analyst, SEI is well positioned to continue the rise
Another altcoin project on the analyst’s list is the new layer-1 Blockchain Sei (SEI). According to the analyst, SEI is well positioned to continue its uptrend. In this context, the analyst said, “Honestly, it may be a good opportunity to continue.” says.
Meanwhile, at the time of writing, SEI was trading at $0.4463, up over 15% on its daily chart. SEI saw a weekly increase in value of 22.2% and a monthly increase of 104.5%. The token recorded an extraordinary rise of approximately 5,500% on its annual chart.
Analyst: TIA Coin is one to consider for 2024!
Altcoin Sherpa is also keeping a close eye on Celestia (TIA Coin), a blockchain designed to enable anyone to launch their own decentralized networks at minimal cost. The analyst shares a chart showing that TIA Coin appears to be in an accumulation range in the middle of an uptrend. Based on this, the analyst said, “TIA Coin: I would love to see below $ 10. I think there will definitely be a buying opportunity there. “It is one of the things to consider for 2024.” He comments.
Meanwhile, TIA Coin was trading at $13.18 at the time of writing, down 5.2% in the last 24 hours. TIA increased by 8.8% on its weekly chart and 142% on its monthly chart. The token saw a significant increase of 527% on an annual basis.
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