A prominent cryptocurrency analyst and trader is sharing insights on a real-world asset (RWA) project that has surged over 40 times since December 2023.
The analyst, known as Sherpa, informs his 222,500 followers on X that the RWA blockchain MANTRA (OM) is a “strong project.”
“OM remains within the same trading range and has performed better than many other altcoins. I’m still invested in this as an RWA play for this cycle and expect some further fluctuations before the next upward move,” Sherpa states.
Source: Altcoin Sherpa/X
Currently, OM is priced at $0.968, up approximately 4,108% from its low of $0.023 on December 4th.
Sherpa also comments on the Solana-based memecoin dogwifhat (WIF), noting it is in a “solid” support area but unlikely to hit a new all-time high soon.
“We’re likely to see more consolidation in the range of $1.44 to $1.96. Patience is key,” he advises.
Source: Altcoin Sherpa/X
At present, WIF is trading at $1.48, about 70% below its peak of $4.83 reached in March.
Lastly, Sherpa evaluates the layer-one blockchain Injective (INJ), suggesting that its daily chart looks bearish with no clear bottom in sight.
“INJ is showing lower highs consistently. While it might rebound, I’m uncertain where the actual bottom will be. I doubt it will hit its former all-time high this cycle, but there’s a chance I could be mistaken,” he notes.
Source: Altcoin Sherpa/X
Currently, INJ is trading at $15.98, roughly 70% below its all-time high of $52.62 from March 14th.
