A popular crypto analyst, known as Altcoin Sherpa, has some strong opinions about the future of several cryptocurrencies. He’s predicting a big drop for Celestia (TIA), but sees potential in other coins like Sui (SUI) and IO.NET.
Celestia’s Uncertain Future
Sherpa believes Celestia, a modular blockchain network, is headed for a price crash. He thinks TIA will eventually fall below $1, even though it might see some temporary price spikes before that. He’s concerned about the upcoming unlock of 175.74 million TIA tokens on October 31st, which could lead to a sell-off.
FET: A Wait-and-See Approach
Sherpa isn’t buying FET, the native token of the Artificial Superintelligence Alliance, right now. He’s waiting for a clear breakout above a key resistance level before considering buying.
Sui: A Mid-Term Play
While Sherpa isn’t bullish on Sui in the long term, he sees potential for short-term gains. He likes the recent price action and thinks it could be a good mid-term trading opportunity.
IO.NET: A Recent Buy
Sherpa recently bought IO, the native token of the decentralized computing network IO.NET, at $1.76. He’s encouraged by a recent chart pattern that suggests a potential price increase.
Disclaimer
Remember, this is just one analyst’s opinion. Always do your own research before investing in cryptocurrencies.
