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A closely followed crypto strategist believes that one Ethereum ($ETH) rival that’s up more than 11x this year will witness more gains in 2024.
Pseudonymous analyst Altcoin Sherpa tells his 202,400 followers on the social media platform X that he’s looking at the chart of Solana ($SOL) against Ethereum ($SOL/$ETH).
According to the crypto strategist, $SOL/$ETH looks bullish after erasing all of its bear market losses in just a few months.
“Solana hyper bullish going into 2024, going to just hold my bag.”
As for $SOL against the US dollar, the analyst shares a chart that shows $135 as the next trouble area for the red-hot altcoin.
“$SOL: there is no second best. Something like $100 would be a good dip buy spot.”
At time of writing, $SOL is trading for $119.55, up over 1,000% since it opened the year at $9.99.
Another crypto project on the trader’s list is the new layer-1 blockchain Sei ($SEI). According to the analyst, $SEI is in a good position to continue its uptrend.
“Could be a decent one for continuation to be honest.”
At time of writing, $SEI is worth $0.432, up over 17% in the past day.
Altcoin Sherpa is also keeping a close watch on Celestia ($TIA), a blockchain designed to enable anyone to launch their own decentralized networks at minimal cost. The trader shares a chart showing that $TIA appears to be in an accumulation range amid an uptrend.
“$TIA: would love to see this sub-$10, definitely a buy there in my opinion. One to think about for 2024.”
At time of writing, $TIA is worth $13.86, down 1.86% in the last 24 hours.
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