CandleFocus

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

Crypto analyst Altcoin Sherpa believes that Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), will continue to perform well and outpace most of the market. Altcoin Sherpa advises investors to buy any dips in ENA's price. ENA has gained over 8 times in value in the past three months and is currently trading at $1.18.

On the other hand, Altcoin Sherpa is less bullish on Solana (SOL) in the medium term and expects it to be outperformed by the top two cryptocurrencies, Ethereum (ETH) and Bitcoin (BTC). However, he still considers Solana to be the best casino on earth, indicating a long-term positive outlook. SOL is currently trading at $217.74 and has seen a decrease of over 1% in the past 24 hours.

Related News