Cryptocurrency analyst Altcoin Sherpa has made some bold predictions about the future of various digital assets in the market. According to the pseudonymous analyst, Ethereum (ETH) may be facing a potential decline against Bitcoin (BTC) as it nears the $100,000 mark. Altcoin Sherpa shared on X that the true bottom for Ethereum in its Bitcoin pair (ETH/BTC) could be around 0.025-0.03 BTC, indicating a possible downturn in the near future.
Currently, ETH/BTC is trading at 0.03412 BTC ($3,363), showing a 4.57% increase in the last 24 hours. Altcoin Sherpa also highlighted the potential for Solana (SOL) to reach new all-time highs in the market. The analyst believes that SOL, despite its high market cap, still has room to grow and could be a lucrative investment opportunity for traders. SOL is currently trading at $256, with an 8.5% increase in the last 24 hours.
On the other hand, Altcoin Sherpa issued a warning about Grass (GRASS), a reward token for sharing unused internet bandwidth. The analyst suggested that GRASS might experience a sharp correction below the $2.06 level, advising caution for traders interested in this asset. Despite a bounce off the .50 Fibonacci retracement region, GRASS is currently trading at $2.41, showing a 14.3% increase in the last 24 hours.
Lastly, Altcoin Sherpa discussed the potential for real-world asset (RWA) MANTRA (OM) to retrace to Fibonacci levels before rallying further. The analyst recommended keeping an eye on price movements and suggested a cooldown period before the next significant move. OM is currently trading at $3.80, down 1.5% in the last 24 hours.
In conclusion, Altcoin Sherpa’s insights provide valuable information for traders and investors looking to navigate the volatile cryptocurrency market. It is essential to stay informed and make informed decisions based on expert analysis and market trends. Stay updated on the latest developments by subscribing to email alerts and following reliable sources on social media platforms like X, Facebook, and Telegram.