A well-known crypto analyst has made some striking predictions regarding the future of Ethereum (ETH) in comparison to Bitcoin (BTC). Altcoin Sherpa, a pseudonymous analyst with a significant following on the social media platform X, has suggested that Ethereum may experience a significant decline against Bitcoin as it approaches the $100,000 mark.
Altcoin Sherpa shared his insights with his followers, stating that the true bottom for Ethereum in its Bitcoin pair (ETH/BTC) could be between 0.025-0.03 BTC. This prediction has sparked discussions among crypto enthusiasts and investors who closely monitor the market trends.
Currently, ETH/BTC is trading at 0.03412 BTC ($3,363), showing a 4.57% increase in the last 24 hours. Despite this positive movement, Altcoin Sherpa’s analysis suggests that Ethereum may face further challenges in the near future.
In addition to his Ethereum forecast, Altcoin Sherpa has also made predictions about other cryptocurrencies. He believes that Solana (SOL), a rival to Ethereum, is poised to reach new all-time highs. With Solana trading at $256 and showing an 8.5% increase in the last 24 hours, Altcoin Sherpa’s optimism about its future performance has caught the attention of many in the crypto community.
On the flip side, Altcoin Sherpa has issued a cautionary statement about Grass (GRASS), a token associated with sharing unused internet bandwidth. He anticipates a potential sharp correction in the price of Grass below the $2.06 level. Despite its current trading price of $2.41 and a 14.3% increase in the last 24 hours, Altcoin Sherpa warns investors to be mindful of a possible downturn.
Lastly, Altcoin Sherpa has shared insights about real-world asset (RWA) MANTRA (OM), suggesting that it may retrace to Fibonacci levels before experiencing a significant rally. With OM trading at $3.80 and a 1.5% decrease in the last 24 hours, Altcoin Sherpa advises caution and patience as the cryptocurrency market continues to evolve.
Overall, Altcoin Sherpa’s analysis provides valuable insights for crypto investors and enthusiasts looking to navigate the volatile cryptocurrency market. As these predictions unfold, it will be interesting to see how the market responds and whether Altcoin Sherpa’s forecasts come to fruition. Stay tuned for more updates and analysis from Altcoin Sherpa as the crypto landscape continues to evolve.