A closely watched crypto strategist believes that an Ethereum (ETH) rival that is up more than 11x this year will see more gains in 2024.
Pseudonymous analyst Altcoin Sherpa tells his 202,400 followers on social media platform X that he is looking at the chart of Solana (SOL) against Ethereum (SOL/ETH).
According to the crypto strategist, SOL/ETH is looking bullish after erasing all bear market losses in just a few months.
“Solana is going into 2024 hyper bullish and will just hold my bag.”
Regarding SOL against the US dollar, the analyst shares a chart showing $135 as the next problem area for the red-hot altcoin.
“SOL: there is no second best. Something like $100 would be a good dip buy spot.
At the time of writing, SOL is trading at $119.55, up more than 1,000% since opening the year at $9.99.
Another crypto project on the trader’s list is the new layer-1 blockchain Sei (SEI). According to the analyst, SEI is well positioned to continue its upward trend.
“It could be a good choice to continue, to be honest.”
At the time of writing, SEI is worth $0.432, up over 17% in the past day.
Altcoin Sherpa is also keeping a close eye on Celestia (TIA), a blockchain designed to allow anyone to launch their own decentralized networks at minimal cost. The trader shares a chart showing that TIA is in an accumulation range amid an uptrend.
“TIA: would love to see this sub-$10, definitely a buy there in my opinion. One to think about for 2024.”
At the time of writing, TIA is worth $13.86, down 1.86% in the last 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney