A renowned crypto strategist, Altcoin Sherpa, has shared his insights on two popular altcoins.
Ondo Finance (ONDO)
Despite the recent market correction, Sherpa remains optimistic about Ondo Finance (ONDO). He believes the project’s focus on tokenizing real-world assets gives it a strong advantage.
“ONDO has held up the best and is still the leader in RWA,” Sherpa said. “It looks strong, but it’s not a great active trade. It’s better to just buy and hold for now.”
ONDO has surged over 920% since its low in January, currently trading at $0.839.
Sui (SUI)
In contrast, Sherpa predicts a bearish future for Sui (SUI). He anticipates a decline in the token’s value due to an upcoming token unlock in late May.
“SUI will nuke to Hades once investors start getting their tokens,” Sherpa warned. “It will have exit pumps, so you can probably buy the green box, wait for it to mini-pump, then short it.”
SUI is currently trading at $1.11, down over 2% in the last 24 hours.
