Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Analyst Says Altcoin That’s Exploded Over 6,400% in One Year ‘Still Looks Strong,’ Updates Outlook on Dogecoin

Daily HodlDaily Hodl2024/09/13 16:00
By:by Daily Hodl Staff

A closely followed crypto strategist and trader says one red-hot real-world asset (RWA) project may have more upside potential.

Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA ( OM ) “still looks strong.”

“Consolidation in the previous range and now expansion; would be careful buying here personally and think we should see a pullback around $1.23 and $1.41. But still is one of the better RWA bets and I’ve got a bag.”

Source: Altcoin Sherpa/X

MANTRA is a crypto project that allows the tokenization and trading of real-world assets such as commercial properties.

OM is trading for $1.13 at time of writing, up 6,421% from its October 2023 price of $0.0176.

Next up, the analyst says he is flipping bullish on meme token Dogecoin ( DOGE ).

“To be determined if DOGE ever does insane numbers like 2021; my guess is not given the market cap. But it should still have a few x from here and is still one of the most liquid coins in crypto. $0.10 is a decent area to scale in given the one-week levels.”

Source: Altcoin Sherpa/X

DOGE is trading for $0.107 at time of writing, up 5.29% in the last 24 hours.

Lastly, the analyst suggests that Bitcoin ( BTC ) may retest the $45,000 level before breaking out later this year.

“BTC: we’re still in the range low areas on the one day, but I still personally view the $45,000 region as the area of interest. $50,000 has been tapped already and the one-day structure is still bearish to me. Not saying ‘it’s over’ but some sort of shakeout plus chop until late Q4 makes sense to me.”

Source: Altcoin Sherpa/X

Bitcoin is trading for $60,608 at time of writing, up 4.3% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!