Altcoin Sherpa, known for his insights followed closely by cryptocurrency investors, shared his optimistic perspective on various altcoins, including Solana (SOL), despite the recent market turbulence. The analyst also shared two altcoins from his watchlist with a “buy” recommendation.
Anticipating Solana to Surpass $500
Sharing his latest observations with followers on social media platform X, Altcoin Sherpa claimed that Solana has the potential to double its value this year, reaching an all-time high. Despite expecting a short-term pullback, the analyst remains bullish on SOL, citing its high appeal among individual investors and the possibility of surpassing $500 this year.
At the time of writing this article, SOL is trading at $187.90, down 6% in the last 24 hours. Altcoin Sherpa added that SOL could experience a pullback to the $100-$150 range before entering a new upward trajectory. However, he emphasized his long-term confidence in the altcoin, noting its resilience amid market fluctuations and its continued prominence as a preferred Blockchain for individual investors.
The Other 2 Altcoins Analyst Recommends Buying
In addition to SOL, Altcoin Sherpa pointed to the decentralized information processing protocol RSS3 as another promising investment opportunity. Despite recent market volatility, he continues to invest in RSS3, highlighting its ability to maintain a trading range between the upper limit of $0.57 and the lower limit of $0.40. RSS3 is currently trading at $0.448, down 15.4% in the last 24 hours.
The analyst also shared his bullish outlook on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs), including short-term bonds and U.S. Treasury bonds. Despite the recent decline in ONDO, Altcoin Sherpa views the altcoin as a strategic investment opportunity, particularly for those interested in the RWA space. He expects positive developments for the project in the future and sees an attractive entry level for investment in ONDO around $0.43.
