Analyst Predicts Record-Breaking Price for Solana-Based Altcoin and Maps Path Forward for Shiba Inu
A popular crypto trader predicts that an altcoin project based on Solana (SOL) is poised to reach a new all-time high (ATH). The analyst, known as Altcoin Sherpa, believes that the native asset of Render (RNDR), a decentralized marketplace for Graphics Processing Units (GPUs), will likely surpass its previous ATH of $8.78. Additionally, the trader suggests that Shiba Inu (SHIB), a memecoin, will experience significant gains in this market cycle.
Render’s Potential for New ATH
Altcoin Sherpa anticipates that Render (RNDR) will retest levels in the lower $7 range before bouncing back and crossing its prior ATH. The trader suggests that entering the market at this price point would be a solid move. Currently, Render is trading at $7.49, experiencing a nearly 6% decline in the last 24 hours.
Predicted Gains for Shiba Inu
According to the trader, Shiba Inu (SHIB) has a similar chart pattern to Dogecoin (DOGE). Given their respective market caps and both being on the Ethereum blockchain, SHIB is expected to trade similarly to DOGE. While SHIB has good liquidity, it is unlikely to achieve massive gains like it did in the past. However, the trader believes that SHIB will eventually generate significant numbers and act more as a big cap rather than just a meme coin. Currently, SHIB is trading at $0.00000126, up over 10% for the day.
Conclusion
The crypto trader Altcoin Sherpa predicts that Render (RNDR), a Solana-based altcoin, is on track to achieve a new all-time high. Additionally, the trader suggests that Shiba Inu (SHIB) will experience notable gains in this market cycle. It’s important to conduct thorough research and analysis before making any investment decisions.
Hot Take: Altcoin Sherpa’s Insights on Render and Shiba Inu
A popular crypto trader believes that an altcoin project called Render (RNDR) has the potential to reach a new all-time high (ATH). Additionally, the trader predicts significant gains for Shiba Inu (SHIB) during this market cycle.
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