Crypto analyst Altcoin Sherpa stated that Ethereum-based synthetic dollar protocol Ethena (ENA) may continue its strong performance. Sherpa advised his 234,500 followers on social media platform X to invest in ENA during price declines. According to the analyst, this asset has the potential to outperform much of the market.
ENA Gained 8 Times in Value in the Last Three Months
ENA ranks 56th in terms of market capitalization. Cryptocurrency has gained great momentum in the last three months and increased its value 8 times. It is currently trading at $1.18. It has increased by over 1% in the last 24 hours.
Altcoin Sherpa believes that ENA’s current performance is sustainable. He emphasizes that investors can benefit from this opportunity by buying during price declines. This view from the analyst contrasts with his more cautious statements about other major projects in the market.
This success achieved by ENA in a short time has attracted the attention of investors. In particular, the increasing interest in Ethereum-based projects contributes positively to ENA’s performance.
Solana May Fall Behind ETH and Bitcoin
Altcoin Sherpa spoke more cautiously about Solana (SOL). According to analyst, Solana will invest in Ethereum (ETH) in the medium term. $4,025.5 and Bitcoin 
$107,285.9It may fall behind. Sherpa said, “SOL will lag behind both ETH and Bitcoin in the coming months. “I don’t know what will happen in the long run, but I have to think rationally,” he said.
Solana currently ranks 6th in terms of market cap. As of the time of writing, it is trading at $217.74. However, it has lost more than 1% in value in the last 24 hours.
This comment by the analyst raised some questions about the future of Solana in the crypto market. Although Sherpa states that he is confident in Solana’s technological potential, he thinks that its performance will be weak against ETH and Bitcoin in the short term.
Strategy Suggestion for Investors
Different analyzes in the crypto market play an important role in determining investors’ strategies. ENA’s strong performance presents a potential growth opportunity in the short term. On the other hand, cautious views on large projects such as Solana require investors to act carefully.
Altcoin Sherpa’s statements carry important clues for those who follow market trends. He states that investing with the right timing, especially during price declines, can yield profits. The analyst also recommends that investors be careful, considering the volatile nature of the market.
As a result, ENA’s rapid rise presents an attractive opportunity for investors. Solana’s future carries risks and uncertainty in the short term. Therefore, it is of great importance for investors to follow market analyzes carefully.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
