A popular crypto strategist and trader has listed Solana (SOL) and three additional altcoins as his picks for long-term investments. Pseudonymous analyst Altcoin Sherpa told his 223,400 followers on social media platform X that SOL will remain in an uptrend as long as it holds the $110 support.
Recommended Altcoins
Apart from SOL, the analyst also recommends other altcoins for long-term purchases, such as Rollbit’s native token RLB, layer-1 protocol Saga (SAGA), and Bittensor (TAO). The analyst notes that RLB offers “real value” and SAGA’s chart outlook is good. He also notes that TAO focuses on artificial intelligence and machine learning at $200 levels.
Status of SAGA
Focusing on SAGA, the analyst notes that the token is trading in a range after forming a base. Altcoin Sherpa believes that SAGA is in a three-month consolidation period and Bitcoin $56,980.12Although ‘s condition is uncertain, he shares his views that he remains in December.
Price Status
At press time, Solana is trading at $133 and is up more than 3% in the last 24 hours. RLB is trading at $0.094 and is up 9.34%. SAGA is trading at $1.53 and is up 13.23%. TAO is trading at $276 and is up 10.71% in the last 24 hours.
Other Altcoin Preferences
The analyst also recommends altcoins like Helium (HNT), Aave (AAVE), and Solana rival Sui (SUI) for “swing trades.” Speaking about HNT, the analyst says that this altcoin could retest lower levels after a sudden surge. The analyst says that he will hold HNT for a while with other orders at lower levels.
HNT is trading at $7.61 at press time and is down 7.3% over the last 24 hours.
According to the analyst’s evaluations, altcoins such as SOL, RLB, SAGA and TAO may be worth considering for long-term investments. The analyst tries to inform investors by considering the potential of these altcoins and their current market performance. However, it is worth noting that investors should do their own research and be careful.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
