A widely followed cryptocurrency analyst said he sees upside potential in two crypto assets with market capitalizations of less than $1 billion.
Pseudonymous crypto strategist Altcoin Sherpa highlights Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP) to his 206,800 followers on social media platform he said.
The trader shared a chart suggesting that JUP is likely to bottom out at around $0.50 before rising to around $0.82.
“I still think it will eventually go up in the short term, but after that big rally (call it more than $1), I think it will only go down for a short time.”
As of this writing, JUP is trading at $0.58, several days after the token was launched during a highly anticipated airdrop.
Manta Network (MANTA) turns to altcoin Sherpa To tell The privacy-focused crypto project’s native token could rebound provided Bitcoin (BTC) does not witness a major decline.
“This could take us back to sub-$2.5 territory. In my opinion, the new coin is still something to keep an eye on. I’m keeping an eye on it, but as long as Bitcoin (BTC) remains stable it will bounce back soon.” It should be.”
MANTA is trading at $3.05 at the time of writing.
Regarding the native asset of the decentralized oracle network Chainlink (LINK), Altcoin Sherpa said that the crypto asset is bullish and the price is likely to rise once the immediate resistance is removed.
“Link: If the price breaks through the $18 level, I think it will reach $24 (or higher) in the medium term. There are also small levels like $20, but overall it still looks strong. Masu.”
At the time of writing, LINK is trading at $17.81.
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Featured Image: Shutterstock/Giovanni Kancemi/Natalia Siatovskaya
