The trader updated his outlook for Solana, saying the altcoin is poised to outperform the market, rising more than eight-fold in three months.

A widely respected cryptocurrency analyst says Ethena (ENA), a synthetic dollar protocol built on top of Ethereum (ETH), is poised to continue its hot streak.

An anonymous analyst known as Altcoin Sherpa tells his 234,500 followers on social media platform

“I think it will continue to go higher. My average is still pretty high at around $0.92, but this product still outperforms most of the market (in my opinion). Buy all the dip you can.”

ENA, the 56th largest cryptocurrency asset by market capitalization, has risen more than 8x in the past three months and is trading at $1.18 at the time of this writing. It rose more than 1% in the past day.

Altcoin Sherpa appears to be less optimistic about smart contract platform Solana (SOL) in the medium term, predicting that the top two digital assets by market capitalization will perform better, especially when compared to other top crypto assets. He pointed out that he believed that it was.

“I think SOL will likely underperform both ETH and Bitcoin in the coming months. I don’t know what will happen in the long run, but I still believe it is the best casino on the planet. But I also have to be rational about it.”

SOL is trading at $217.74 at the time of this writing. The sixth-largest cryptocurrency asset by market capitalization fell more than 1% in the past 24 hours.

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