Ethena (ENA) Continues to Shine, Solana (SOL) Faces Challenges Ahead
Ethena (ENA), a synthetic dollar protocol built on the Ethereum (ETH) blockchain, is grabbing the attention of crypto enthusiasts as it continues its impressive performance. According to a well-known crypto analyst, Altcoin Sherpa, ENA is expected to maintain its upward trajectory and outperform most of the market.
Altcoin Sherpa, who has a substantial following of 234,500 on the social media platform X, advises investors to consider buying into ENA when it experiences price dips. The analyst is confident in ENA’s potential for growth, stating, “I think that this just continues going higher. Buy any dips that you can.”
ENA currently holds the 56th position in terms of market capitalization and has surged more than 8 times in value over the past three months. At the time of writing, ENA is trading at $1.18, with a 1% increase in the last 24 hours.
In contrast, Altcoin Sherpa expresses a more cautious outlook on the smart contract platform Solana (SOL) in the medium term. The analyst believes that SOL may underperform compared to other top crypto assets, particularly Ethereum (ETH) and Bitcoin (BTC).
Regarding SOL, Altcoin Sherpa comments, “I think SOL underperforms both ETH and Bitcoin in the coming months. But I also have to be rational with it.”
SOL, currently ranked 6th in terms of market capitalization, is priced at $217.74 at the time of writing, with a slight decrease of over 1% in the past 24 hours.
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