A widely followed crypto strategist believes the token of one layer-2 blockchain project is among the best market performers.
Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that Mantle Network (MNT), an Ethereum (ETH) scalability solution, could soar beyond all-time highs (ATHs).
“MNT: going to buy some more Mantle here. I think this continues to grind up beyond ATHs, still one of the strongest coins.”
MNT is trading for $1.30 at time of writing, down 4.5% in the last 24 hours. MNT reached an ATH of $1.54 on April 8th.
Next up, the trader says Solana (SOL) could decline to $140, the bottom of a previous trading range.
“SOL: still thinking just buying in this range of $175-$200 is a good decision. Would load up at $140 if it comes. Despite its challenges of late, I still think it’s a good buy.”
Solana is trading for $167.83 at time of writing, down 2% in the last 24 hours.
Meanwhile, the trader says Chainlink (LINK), a provider of decentralized oracle services for smart contracts, has strong fundamentals but is unable to break out of a resistance level at $20.82.
“LINK: continues to disappoint. I expected more from this one. Still one of the better fundamental coins overall, but I thought we’d see more upside.”
LINK is trading for $17.17 at time of writing, down nearly 2% in the last 24 hours.
Lastly, the trader believes Bitcoin (BTC) could have short-term volatility within its current trading range but predicts a breakout eventually.
“BTC: don’t get chopped to death in this range. You will die and lose your stack and miss the fun.”
Bitcoin is trading for $69,385 at time of writing, up slightly in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses 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.
Generated Image: Midjourney
The post Trader Says This Ethereum-Based Altcoin ‘One of the Strongest Coins,’ Updates Outlook on Solana and Chainlink appeared first on The Daily Hodl.