A closely followed crypto strategist believes one Ethereum (ETH) competitor is primed to print gains of more than 2x this year.
Pseudonymous analyst Altcoin Sherpa tells his 211,900 followers on the social media platform X that he thinks Solana (SOL) will see new all-time highs this year.
But while the crypto strategist is long-term bullish on SOL, he expects the Ethereum rival to witness a pullback before starting a fresh leg up.
“There is going to probably going to be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be.
Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024.”
At time of writing, SOL is worth $187.90, down over 6% in the past day.
Next up, the trader says that RSS3, a decentralized information processing protocol, appears to be trading in a range with an upper bound of $0.57 and a lower bound of $0.40.
“Still a super strong coin, RSS3 is one I’m still invested in and have a bag. Ranging for now and I think that this has been very strong amidst market volatility.”
RSS3 is trading for $0.448 at time of writing, down 15.4% in the last 24 hours.
Lastly, the trader says he is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs) including short-term bonds and US Treasuries.
“ONDO: buy ONDO for financial freedom around $0.43. One of my bags for real-world assets (RWA) this cycle, expecting good things for the future.”
Ondo is trading for $0.422 at time of writing, down more than 12% in the last 24 hours.
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