Trader Predicts Strong Performance for One Ethereum Rival in 2024, Updates Outlook on Three Other Altcoins
A well-known crypto strategist has made predictions about the future performance of several altcoins. Altcoin Sherpa, an analyst with a large following on social media, believes that Fantom (FTM), an Ethereum (ETH) rival, could experience significant growth this year. According to Altcoin Sherpa, Fantom could rise by more than 15% from its current value. The strategist expects the coin to consolidate for a while, possibly reaching a bottom at around $0.83 or $0.70 before making a bullish move. As for Ethena (ENA), a governance token associated with the Ethena Labs DeFi protocol, Altcoin Sherpa predicts a breakout after a period of consolidation around $1.24. Similarly, the trader expects a retracement followed by an upward trend for Core (CORE), a blockchain that utilizes Bitcoin’s proof-of-work network. Lastly, Altcoin Sherpa remains optimistic about Mantra (OM), a crypto project focused on real-world asset (RWA) tokenization. While the analyst had hoped to buy at $0.50, the price has not reached that level yet. Despite the uncertainty, Altcoin Sherpa maintains a bullish outlook on OM.
Disclaimer: This article contains predictions made by an individual trader and should not be considered financial advice. Investors should conduct their own research before making any investment decisions.