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Cryptocurrency News Articles
Popular Crypto Expert Sherpa Expresses Bullish Sentiments on RWA Token MANTRA (OM), Shares Thoughts on SOL, FTM, and SUI
Sep 28, 2024 at 03:00 am
Sherpa predicts that the native token of the RWA blockchain, MANTRA (OM), could climb around 16% from its current price
Cryptocurrency influencer Sherpa has provided his latest price analysis for four altcoins, including a mid-cap Real World Asset (RWA) token.
The popular crypto expert shared his thoughts on Solana (SOL), Fantom (FTM), and the RWA token MANTRA (OM) in a recent livestream.
Sherpa expressed bullish sentiments on OM, predicting that the token could rally around 16% from its current price, potentially reaching a new all-time high.
According to Sherpa, OM is a strong option due to its limited supply and solid financial backing. The token is designed to be backed by real-world assets, such as precious metals, commodities, and fiat currencies.
He highlighted that OM is currently trading at a price that is lower than its previous all-time high, making it an attractive entry point for those interested in the token.
However, Sherpa also noted that those considering purchasing OM should conduct their own research and exercise caution, as the cryptocurrency market can be volatile and unpredictable.
In his analysis, Sherpa also discussed Solana (SOL), which has recently been outpaced by rivals like Sui (SUI). Despite this, Sherpa expressed optimism about SOL.
“Solana, I still think it has a lot of promise. I know a lot of people are like, ‘Oh, it's a dead coin. Everyone's moving to SUI,'” said Sherpa.
“I still think Solana is a good investment. It's a slow mover in the market, but I think it's still a good investment. It's currently priced at $153.”
Solana has faced challenges in recent months, including a class-action lawsuit filed against the Solana Foundation and other crypto entities over the downturn in digital asset prices.
The lawsuit, filed in December 2022, alleges that the Solana Foundation and other crypto exchanges engaged in a scheme to inflate the price of SOL and other cryptocurrencies.
Solana has also faced criticism over its network outages and technical issues, which have raised concerns among users and developers.
Despite these challenges, SOL remains one of the top cryptocurrencies by market capitalization and continues to attract interest from investors.
Another altcoin on Sherpa's radar is Fantom (FTM). According to Sherpa, FTM is showing a strong bullish structure on higher timeframes.
With the upcoming rebranding and upgrade to Sonic (S) later this year, Sherpa anticipates that FTM could be poised for further upside in the coming weeks.
“I think this could push FTM higher in the coming weeks. Especially with the upcoming rebranding and upgrade to Sonic (S) later this year. Keep an eye on FTM if you're looking for potential altcoin gains,” said Sherpa.
Those interested in Sherpa's full analysis can watch his livestream on YouTube.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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