A well-known cryptocurrency analyst and trader offers his opinion on the real-world asset (RWA) project that has surged more than 40x since December 2023.
A trader known by the pseudonym Sherpa told his 222,500 followers on social media platform X that RWA blockchain MANTRA (OM) is a “powerful project.”
“OM is still in the same trading range and has held up much better than most other altcoins. I am still in this cycle as a RWA bet and think we will see a bit more downside before the next upside.”
As of this writing, OM is trading at $0.968, up about 4,108% from its low of $0.023 on December 4th.
Next up is Solana-based Mimecoin Dogwifhot (WIF). A popular analyst says that the Solana-based Mimecoin is in a “decent” support zone but is unlikely to surge to new all-time highs “anytime soon.”
“I still think there will be more splits and consolidation in this area (between $1.44 and $1.96). It’s best to be patient.”
At the time of writing, WIF is trading at $1.48, about 70% below its all-time high of $4.83 recorded in March.
Next up is Layer 1 Blockchain Injective (INJ). According to Sherpa, INJ’s daily time frame chart looks bearish with no end in sight.
“Lower highs overall. There needs to be a bounce *somewhere* but I don’t know where the real bottom is. I personally don’t think we’ll hit previous highs this cycle but I could be wrong.”
At the time of writing, INJ is trading at $15.98, about 70% below its all-time high of $52.62 recorded on March 14.
Don’t miss out – subscribe to receive email notifications straight to your inbox
Price check task
Follow us XFacebook and Telegram
Surfing the Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3