A extensively adopted crypto strategist believes that one Ethereum (ETH) rival may have a powerful efficiency this 12 months.
Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Fantom (FTM) may soar greater than 15% from its present worth.
“FTM: I believe that is nonetheless a really stable coin and will do nicely in 2024 given their treasury. That mentioned, want to see consolidation for a longer-term backside forming. Anticipating that stage to be $0.83 or $0.70. Nonetheless bullish and I’ve a bag.”
his chart, the dealer suggests Fantom may dip to the Fibonacci retracement stage round $0.80 earlier than rallying to $1.15.
Fantom is buying and selling for $1.02 at time of writing, up almost 9% within the final 24 hours.
Subsequent up, the dealer predicts Ethena (ENA), a governance token launched by Ethena Labs for the mission’s DeFi protocol, will get away after a interval of consolidation across the $1.24 stage.
“ENA first response. I believe that we’re going to consolidate after which leg up.”
Ethena is buying and selling for $1.22 at time of writing, up 4.6% within the final 24 hours.
Shifting on, the dealer expects a retracement earlier than a transfer to the upside for Core (CORE), a layer-1 blockchain that leverages some great benefits of Bitcoin’s (BTC) proof-of-work community.
“CORE: this one is chilling after having a loopy run. I believe that this present .50 space round $2.50 all the best way right down to $2 appears cheap to start out shopping for. Anticipating BTC ecosystem tasks to do fairly nicely for the following 12-18 months.”
Core is buying and selling for $2.37 at time of writing, down greater than 11% within the final 24 hours.
Lastly, the dealer says he stays bullish on the crypto mission centered on real-world asset (RWA) tokenization, Mantra (OM).
“OM: I all the time thought that $0.50 can be an amazing purchase nevertheless it hasn’t come (but). A little bit of a scary space right here however I’m nonetheless bullish on this one as a RWA play (I’ve a bag).”
OM is buying and selling for $0.81 at time of writing, up greater than 4% within the final 24 hours.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in online marketing.
Generated Picture: Midjourney
