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Cryptocurrency News Articles
Sherpa Leans Bullish on RWA Token MANTRA (OM), Offers Insight on Solana (SOL), Fantom (FTM) and dogwifhat (WIF)
Sep 27, 2024 at 07:45 pm
The trader pseudonymously known as Sherpa tells his 223,600 followers on the social media platform X that the native token of the RWA
A prominent crypto trader is closely examining a mid-cap Real World Asset (RWA) token while also sharing his bullish outlook on three altcoins.
The trader, who goes by the pseudonym Sherpa to his 223,600 followers on the social media platform X, is keeping a close eye on the native token of the RWA blockchain MANTRA (OM), which he believes could rally around 16% from its current price to reach a new all-time high (ATH).
“Still one of the better RWA options out there and has high float/less supply overhang and lots of FI backing behind it.”
OM is trading at $1.22 at the time of writing.
Next is Solana (SOL). Despite the pseudonymous analyst observing Solana being a “slow mover” recently after being outperformed by newer competitors like Sui (SUI), he still maintains a bullish outlook on SOL.
“I still think SOL is a good bet though.”
Solana is trading at $153 at the time of writing.
Next is the native token of the layer-one blockchain Fantom (FTM). According to Sherpa, Fantom has a bullish market structure and “still looks really good on higher time frames.” The pseudonymous analyst also adds that the upcoming rebrand and upgrade of Fantom to Sonic (S) in November/December this year further strengthens his bullish thesis for the altcoin.
“…this goes higher within the next few weeks.”
Lastly is the dog-themed memecoin dogwifhat (WIF). Sherpa notes that WIF “looks pretty strong overall” and would present a potential long opportunity on pullbacks.
WIF is trading at $2.22 at the time of writing.
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