A notable crypto analyst, known as Altcoin Sherpa, recently shared some intriguing insights with his 234,500 followers on X regarding Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH). He strongly believes that ENA is positioned for continued success and encourages potential investors to consider it during price dips, suggesting that it is set to outperform much of the market.
In his words, Altcoin Sherpa shared, “I think that this just continues going higher. My average is still pretty high like $0.92** or something, but this one still just outperforms most of the market [in my opinion]. Buy any dips that you can.”
As it stands, ENA, ranked 56th by market cap, has skyrocketed over *8x* in just the past three months, currently trading at $1.18*. This momentum is reflected in its recent performance, with a slight uptick of over *1%** in the last day.
On the other hand, Altcoin Sherpa has a more cautious outlook on Solana (SOL). He asserts that SOL may struggle to keep pace with the leading crypto giants, namely Bitcoin and Ethereum, in the medium term. He remarked, “I think SOL underperforms both ETH and Bitcoin in the coming months. I don’t know what happens long term, and I still believe it’s the best casino on earth. But I also have to be rational with it.”
As for SOL, it is presently trading at $217.74*, holding the *6th position in market capitalization. However, it has seen a decline of over *1%* in the past 24 hours.
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