Trader Says One Ethereum Rival Will Do Well in 2024, Updates Outlook on Three Additional Altcoins

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.