A widely followed cryptocurrency strategist and trader says a hot real-world asset (RWA) project could have greater upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on social media platform X that MANTRA (OM) “still looks strong.”
“Consolidation in the previous range and now expansion; I would personally be cautious in my buying here and think we should see a pullback around $1.23 and $1.41. But this is still one of the best RWA bets and I have a bag.”
MANTRA is a crypto project that enables the tokenization and trading of real-world assets such as commercial properties.
OM is trading at $1.13 at the time of writing, up 6,421% from its October 2023 price of $0.0176.
Next, the analyst says he is bullish on meme token Dogecoin (DOGE).
“Whether DOGE ever does insane numbers like 2021 remains to be seen; I don’t think market cap matters. But it should still have a few x’s from here and remains one of the most liquid coins in crypto. $0.10 is a decent area to move given the 1-week levels.”
DOGE is trading at $0.107 at the time of writing, up 5.29% in the last 24 hours.
Finally, the analyst suggests that Bitcoin (BTC) could retest the $45,000 level before surpassing it later this year.
“BTC: We are still in the lower areas of the one-day range, but I personally still see the $45k region as the area of interest. $50k has already been exploited and the one-day structure is still bearish to me. I’m not saying it’s over, but some sort of choppier shakeout through the end of Q4 makes sense to me.”
At the time of writing, Bitcoin is trading at $60,608, up 4.3% in the last 24 hours.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies 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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