The trader says Altcoin will outperform the market 8x in 3 months


  • Athena (ENA) is up 800% and will probably keep rising, says Altcoin Sherpa.
  • Solana (SOL) could be behind Bitcoin and Ethereum.

One of the most famous analysts working in the field of cryptocurrencies has posted a positive outlook for the synthetic dollar protocol called Athena or ENA, which is based on the Ethereum blockchain. He noted that after he rose, he could rise still higher. The undisclosed investor and social influencer with the username Altcoin Sherpa gave his followers valuable tips about the best ones under the pseudonym Xincluding an opportunity for ENA to rise above most of its industry competitors.

ENA, which is currently 56th in market capitalization, was at $1.18 at the time of writing after increasing more than 800% in the past three months. The CAC has also increased by over 1% in the past day. Sherpa also recommends building ENA when prices are down since the indicator has shown a strong rise.

Solana short-term forecast compared to Ethereum and Bitcoin

Despite being bullish on ENA, Sherpa took a more subdued view Solana (SOL). In times of disruption, the platform is likely to lag behind ETH and BTC, at least in the short term, and it is expected to do so.

Giving his two cents on the matter, Sherpa said, “I believe that SOL will not do both ETH and BTC in the coming months,” even as Solana boasts of being one of the best DeFi and NFT markets.

Currently, SOL is the sixth largest cryptocurrency by market capitalization. It is trading at $217.74, which is 1.27% down for the last 24 hours. According to Sherpa, these risk estimates are more cautious and welcome Ethereum and Bitcoin because of their dominance in the market.

Athena (ENA) gains momentum with impressive growth

Athena's exponential growth is placed in the actor category and classified under the crypto space. This has emphasized protocol resources and design features, including the use of Ethereum, in keeping the attention of persistent investors. especially since it even indicates that Sherpa's performance is able to be sustained when markets pull back.

Market consultants pointed to the growth of ENA as evidence of the growing need for platforms that offer synthetic assets and stablecoin solutions and strengthen the operations of the DeFi place

Key trends that will affect the future of cryptocurrency

The market for cryptocurrencies has been volatile. Some of the most popular Bitcoin and Ethereum. Investors looking for project diversification, including those like ENA, are also paying close attention. Meanwhile, traditional players such as Solana are under pressure to consider how they can maintain the pace of development.

Altcoin Sherpa's analysis also reveals a two-tiered market, where ENA and similar digital assets gain ground amid fluctuating confidence in financial continuity among traders and analysts and more established cryptocurrencies.


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Source: https://www.crypto-news-flash.com/trader-predicts-altcoin-will-outperform-market-after-8x-rise-in-3-months-updates-solana-outlook/?utm _source= rss&utm_medium=rss&utm_campaign=trader-predicts-altcoin-will-outperform-market-after-8x-rise-in-3-months-updates-solana-outlook





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