A carefully adopted crypto strategist and dealer says one red-hot real-world asset (RWA) undertaking could have extra upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA (OM) “nonetheless appears to be like sturdy.”
“Consolidation within the earlier vary and now growth; would watch out shopping for right here personally and suppose we must always see a pullback round $1.23 and $1.41. However nonetheless is likely one of the higher RWA bets and I’ve obtained a bag.”
MANTRA is a crypto undertaking that permits the tokenization and buying and selling of real-world property corresponding to business properties.
OM is buying and selling for $1.13 at time of writing, up 6,421% from its October 2023 value of $0.0176.
Subsequent up, the analyst says he’s flipping bullish on meme token Dogecoin (DOGE).
“To be decided if DOGE ever does insane numbers like 2021; my guess isn’t given the market cap. Nevertheless it ought to nonetheless have just a few x from right here and remains to be one of the crucial liquid cash in crypto. $0.10 is a good space to scale in given the one-week ranges.”
DOGE is buying and selling for $0.107 at time of writing, up 5.29% within the final 24 hours.
Lastly, the analyst suggests that Bitcoin (BTC) could retest the $45,000 stage earlier than breaking out later this yr.
“BTC: we’re nonetheless within the vary low areas on the someday, however I nonetheless personally view the $45,000 area as the realm of curiosity. $50,000 has been tapped already and the one-day construction remains to be bearish to me. Not saying ‘it’s over’ however some kind of shakeout plus chop till late This autumn is sensible to me.”
Bitcoin is buying and selling for $60,608 at time of writing, up 4.3% within the final 24 hours.
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