A closely watched crypto strategist says there are only three other projects besides Bitcoin (BTC) and Ethereum (ETH) that he is bullish on.
The pseudonymous analyst known as The Flow Horse, also known as Cantering Clark, tells With its 181,700 followers on social media platform X, ETH rival Solana (SOL) has great upside potential.
He thinks SOL could repeat Ethereum’s early days before ETH surged to four figures.
“But yeah, I think it’s going through the same early cycle rounds as ETH.”
Last month, The Flow Horse also compared Solana’s price action to the early days of ETH, hinting that SOL might hit an all-time high sometime in late 2024.
“In a private group (can’t dox an Excel chart of picks or people), my pick for the best performing coin from the bounce this year was SOL. The idea that a darling from the last cycle would do really well. I shared this chart from the beginning of ETH versus SOL, and I still think SOL is probably doing more or less the same thing. The cheers got pretty loud on this one.”
Solana is trading at $21.28 at the time of writing, up 3.6% in the past 24 hours.
The analyst too optimistic on Phemex’s yet-to-be-launched product utility token for the crypto derivatives exchange platform. He points to the strong performance of other exchange tokens to support his thesis on the upcoming altcoin.
“There is actually one token that I am optimistic about that is not even out yet, but can be mined. Phemex released a token this quarter and my proposition is simple: look at other exchange tokens.”
Finally, the analyst say he is bullish on the token RLB from crypto gambling platform Rollbit.
“Yes, I get a lot of criticism for my negative posts, but the only thing I’m optimistic about in the long run is Bitcoin and ETH, and the new projects that have yet to come to market.
Rollbit token is an exception.”
Rollbit is trading at $0.19 at the time of writing, up 7.8% in the last 24 hours.
Don’t miss a single beat – Subscribe to receive email alerts delivered straight to your inbox
Check price action
follow us on Twitter, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney