A well-known cryptocurrency strategist, Altcoin Sherpa, advises investors to consider Solana (SOL) and three other altcoins for long-term investments. He informs his 223,400 followers on social media platform X that Solana is expected to maintain its upward trend as long as it stays above the $110 support level.
Which Altcoins Are Recommended?
In addition to Solana, Altcoin Sherpa highlights Rollbit’s native token (RLB), Saga (SAGA), and Bittensor (TAO) as promising long-term investment options. He identifies RLB as offering “real value,” while SAGA shows a promising chart outlook. Bittensor (TAO), focusing on artificial intelligence and machine learning, is also highlighted around the $200 price level. Access NEWSLINKER to get the latest technology news.
What Is SAGA’s Current Status?
The strategist points out that SAGA has been trading within a defined range after establishing a base. Altcoin Sherpa notes that SAGA is undergoing a three-month consolidation phase, remaining within its range despite Bitcoin’s uncertain status.
Current Price Situations
As of the latest data, Solana is priced at $133, reflecting a 3% increase in the last 24 hours. Rollbit (RLB) is at $0.094, showing a 9.34% rise. Saga (SAGA) is trading at $1.53, up by 13.23%. Bittensor (TAO) stands at $276, recording a 10.71% increase within the same period.
Additional Altcoin Insights
Other altcoins suggested by the analyst include Helium (HNT), Aave (AAVE), and Solana’s competitor, Sui (SUI), for swing trading. He notes that Helium might retest lower levels after a recent surge and plans to hold HNT at lower levels along with other orders.
Helium (HNT) is currently trading at $7.61, experiencing a 7.3% drop in the last 24 hours.
Altcoin Sherpa’s analysis suggests that Solana, Rollbit, Saga, and Bittensor could be notable investments for the long term. The analyst offers these recommendations while considering the potential and current market performance, urging investors to conduct their own research and exercise caution.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/crypto-analyst-recommends-altcoins-for-long-term-gains