A well-known crypto analyst predicts that Ethena (ENA), a synthetic dollar protocol running on Ethereum (ETH), is poised to continue its impressive performance.
The crypto analyst, known as Altcoin Sherpa, shared with his 234,500 followers on the social media platform X that investing in ENA during price dips is a smart move as it is expected to outperform the majority of the market.
“I believe that ENA will keep rising. Although my average is around $0.92, this asset continues to outshine most others in the market. Take advantage of any price dips.”
Currently, ENA is ranked 56th by market cap and has surged over 8 times in the last three months, trading at $1.18 at the moment. It has also seen a more than 1% increase in the last 24 hours.
Altcoin Sherpa expresses a less optimistic view on the medium-term prospects of the smart contract platform Solana (SOL), particularly when compared to other top cryptocurrencies. He believes that SOL will be surpassed by the top two digital assets in terms of market cap.
“I anticipate SOL will underperform both ETH and Bitcoin in the upcoming months. While I still consider it the ultimate gambling platform, I have to be realistic about its performance.”
As of now, SOL is trading at $217.74. The cryptocurrency, ranked 6th by market cap, has experienced a slight decrease of over 1% in the past day.
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