A closely-watched crypto analyst claims that Solana (SOL) will outperform most crypto assets in the current cycle.
Pseudonymous Altcoin Sherpa Analyst recount its 178,800 Twitter followers that the popular smart contract platform could outperform other altcoins depending on how Bitcoin (BTC) prices move.
Altcoin Sherpa says he doesn’t know how high Solana can go but expect the crypto asset to see resistance at around $40. He says SOL will likely fall if it hits $50. At the time of writing, the smart contract platform is trading at $38.31.
Another crypto asset that Altcoin Sherpa is bullish on is Decentralized (MANA). The analyst says the virtual reality platform is expected to rebound after hitting bottom. MANA is now trading at $0.90 from a low of $0.74 in June.
He then shares his predictions for another metaverse token, ApeCoin (MONKEY). He says the altcoin created for the Bored Ape Yacht Club Non-Fungible Token (NFT) community could reverse lower to $6. APE is currently worth $4.40.
As for Bitcointhe analyst said the outlook is “a still long-term bearish market structure”. At the time of writing, BTC is changing hands at $20.894.
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