A closely followed crypto strategist believes that one Ethereum (ETH) rival that’s up more than 11x this year will witness more gains in 2024.
Pseudonymous analyst Altcoin Sherpa tells his 202,400 followers on the social media platform X that he’s looking at the chart of Solana (SOL) against Ethereum (SOL/ETH).
According to the crypto strategist, SOL/ETH looks bullish after erasing all of its bear market losses in just a few months.
“Solana hyper bullish going into 2024, going to just hold my bag.”
As for SOL against the US dollar, the analyst shares a chart that shows $135 as the next trouble area for the red-hot altcoin.
“SOL: there is no second best. Something like $100 would be a good dip buy spot.”
At time of writing, SOL is trading for $119.55, up over 1,000% since it opened 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 in a good position to continue its uptrend.
“Could be a decent one for continuation to be honest.”
At time of writing, SEI is worth $0.432, up over 17% in the past day.
Altcoin Sherpa is also keeping a close watch on Celestia (TIA), a blockchain designed to enable anyone to launch their own decentralized networks at minimal cost. The trader shares a chart showing that TIA appears to be 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 time of writing, TIA is worth $13.86, down 1.86% in the last 24 hours.
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The post Analyst Says Red-Hot Ethereum Rival ‘Hyper Bullish’ Going Into 2024, Updates Forecast on Two Other Altcoins appeared first on The Daily Hodl.
