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Crypto currency markets’ well-known analyst suggested that an Ethereum competitor, which has increased more than 11-fold this year, will witness even more gains in 2024. The analyst shared the altcoins in his basket, warning investors!
Analyst’s View on Solana
Known as Altcoin Sherpa, the crypto currency analyst claimed on social media that he is looking at the chart of Solana (SOL) against Ethereum (SOL/ETH). According to the crypto strategist, SOL/ETH appears to have recovered from all its losses in the bear market in just a few months and is on the rise. The expert stated the following:
I believe Solana will surge into 2024, I’ll just hold my bag.
Regarding SOL against the US dollar, the analyst shared a chart indicating the next trouble area for the altcoin as $135. The senior analyst stated:
SOL is my second-best pick. Something like $100 could be a good bottom buying point.
At the time of writing, SOL had opened the year at $9.99 and was trading at $119.55, representing an increase of over 1000%.
Altcoins Expected to Rise in 2024
Another crypto project in the analyst’s basket is the new Layer-1 blockchain Sei (SEI). According to the expert, SEI is in a good position to continue its upward trend. The analyst commented:
To be honest, it could be a good thing to continue.
At the time of writing, SEI had seen an increase of over 17% the previous day, valued at $0.432.
Altcoin Sherpa is also closely monitoring Celestia (TIA), a blockchain designed to allow everyone to launch their own decentralized networks with minimal cost. The analyst shared a chart indicating that TIA is in the midst of an uptrend within an accumulation range. Lastly, the expert said:
I would really like to see TIA below $10, I definitely think there’s a buy there. Something to consider for 2024.
