Trader Says Altcoin That’s Up over 8x in Under Three Months to Outperform Market, Updates Outlook on Solana

A broadly adopted crypto analyst says that Ethena (ENA), an artificial greenback protocol constructed on Ethereum (ETH), appears to be like primed to proceed its red-hot streak.

The pseudonymous analyst generally known as Altcoin Sherpa tells his 234,500 followers on the social media platform X that ENA is value investing into when it dips in value as it would outpace a lot of the market.

“I believe that this simply continues going larger. My common continues to be fairly excessive like $0.92 or one thing however this one nonetheless simply outperforms a lot of the market [in my opinion]. Purchase any dips that you would be able to.”

ENA, the 56th-ranked crypto asset by market cap, is up greater than 8x up to now three months and is buying and selling at $1.18 at time of writing. It’s additionally up greater than 1% up to now day.

Altcoin Sherpa seems much less bullish on the good contract platform Solana (SOL) over the medium time period, particularly in comparison with different prime crypto belongings, noting that he believes will probably be outperformed by the highest two digital belongings by market cap.

“I believe SOL underperforms each ETH and Bitcoin within the coming months. I don’t know what occurs long run and I nonetheless consider it’s the most effective on line casino on earth. However I additionally must be rational with it.”

SOL is buying and selling at $217.74 at time of writing. The Sixth-ranked crypto asset by market cap is down greater than 1% up to now 24 hours.

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