Trader Updates Outlook on Altcoin That’s Up Over 1,600% Year-to-Date, Says Solana Destined for ‘Bigger Things’
A well-known trader and analyst has revised his outlook on a medium-cap altcoin that has surged by over 1,600% since the start of the year. The trader, who goes by the alias Altcoin Sherpa, has shared his thoughts on Ondo Finance (ONDO), a cryptocurrency project focused on real-world asset tokenization. According to Altcoin Sherpa, ONDO remains one of the strongest coins in the market, having recently bounced off a crucial support level that confirmed the strength of its upward trajectory. ONDO is currently trading at $1.31, a remarkable increase of 1,600% from its low of $0.0822 in January.
Altcoin Sherpa also turned his attention to Solana (SOL), stating that he expects the altcoin to continue experiencing a period of consolidation between the $185 and $120 price range. Although this range may appear wide, the trader believes it is necessary after the significant price surge SOL has witnessed. However, Altcoin Sherpa remains optimistic about SOL’s future, expecting the coin to make significant moves in the long run. At present, Solana is trading at $150.