Trader Updates Outlook on Altcoin That’s Exploded Over 4,100% in Nine Months, Maps Path Forward for dogwifhat

A widely followed cryptocurrency analyst and trader is offering his take on a real-world asset (RWA) project that’s skyrocketed by over 40x since December of 2023.

The trader pseudonymously known as Sherpa tells his 222,500 followers on the social media platform X that the RWA blockchain MANTRA (OM) is a “strong project.”

“OM still is in the same trading range and has held up way better than most other altcoins. I’m still in this one as a RWA bet for this cycle and I think that we’ll still see some more chop for a bit before the next leg up.”

At time of writing, OM is trading at $0.968, up by around 4,108% since the December 4th low of $0.023.

Next up is the Solana-based memecoin dogwifhat (WIF). The widely followed analyst says that the Solana-based memecoin is in a “decent” support zone but is unlikely to surge to a new all-time high “any time soon.”

“Guessing we still see more chop and consolidation around this area [between $1.44 and $1.96]. Best to be patient.”

At time of writing, WIF is trading at $1.48, around 70% below the all-time high price of $4.83 reached in March.

Next up is the layer-one blockchain Injective (INJ). According to Sherpa, INJ’s chart on the daily time frame appears bearish with no end in sight.

“Lower highs across the board. Should bounce *somewhere* but I don’t know where the real bottom is. Personally, I doubt it reaches former all-time high this cycle but I could be wrong.”

At time of writing, INJ is trading at $15.98, about 70% below the all-time high of $52.62 reached on March 14th.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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