A popular crypto analyst, Altcoin Sherpa, is making waves with his latest predictions. He’s particularly bullish on one altcoin, and less so on a major player in the crypto space.
Ethena (ENA): Sky’s the Limit?
Altcoin Sherpa, who boasts a massive following on X (formerly Twitter), is confident about the future of Ethena (ENA), a synthetic dollar protocol built on Ethereum. ENA has seen an incredible 8x increase in price over the last three months, currently trading at $1.18. Sherpa advises buying any dips, believing ENA will continue to outperform the broader crypto market. He stated his average buy-in price is around $0.92, but still sees significant upside potential.
Solana (SOL): A More Cautious Outlook
While bullish on ENA, Sherpa’s outlook on Solana (SOL) is more reserved. Although he calls it “the best casino on earth,” he believes it will underperform both Bitcoin and Ethereum in the coming months. He acknowledges the long-term potential of Solana, but advocates for a more rational approach in the short term. At the time of writing, SOL is trading at $217.74.
Disclaimer: This information is for general knowledge and discussion purposes only, and does not constitute investment advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
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