A widely followed cryptocurrency analyst and trader gives his take on a real-world asset (RWA) project that has skyrocketed over 40x since December 2023.
The trader known by the pseudonym Sherpa tells his 222,500 followers on social media platform X that the RWA MANTRA (OM) blockchain is a “strong project.”
“OM is still in the same trading range and has held up much better than most other altcoins. I am still in this one as an RWA bet for this cycle and I think we will see a bit more change before the next leg up.”
At the time of writing, OM is trading at $0.968, up about 4,108% from its December 4 low of $0.023.
Next up is the Solana-based memecoin dogwifhat (WIF). The widely followed analyst says the Solana-based memecoin is in a “decent” support zone, but is unlikely to reach a new all-time high “anytime soon.”
“I suspect we will see more fluctuations and consolidation around this area ($1.44-$1.96). Better to be patient.”
At the time of writing, WIF is trading at $1.48, about 70% below the record high price of $4.83 reached in March.
Next up is the Layer 1 blockchain Injective (INJ). According to Sherpa, INJ’s chart on the daily time frame looks bearish and no end is in sight.
“Lower highs across the board. They should bounce somewhere, but I don’t know where the real low is. Personally, I doubt the price will reach its old all-time high this cycle, but I could be wrong.”
At the time of writing, INJ is trading at $15.98, about 70% below the all-time high of $52.62 reached on March 14.
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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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