A widely followed cryptocurrency analyst says he sees upside potential for two crypto assets with market caps below $1 billion.
Pseudonymous crypto strategist Altcoin Sherpa tells his 206,800 followers on the social media platform X that he’s looking at the Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP).
The trader shares a chart suggesting that JUP will likely carve a local bottom at around $0.50 before rallying to about $0.82.
“I still think it’ll eventually go up in the short term, but after that big move up (call it $1 or more), I think it’s down only for a bit.”
Source: Altcoin Sherpa/X
At time of writing, JUP is trading at $0.58, days after the token was launched amid a a highly anticipated airdrop.
Turning to Manta Network (MANTA), Altcoin Sherpa says the native token of the privacy-focused crypto project may bounce on the condition that Bitcoin (BTC) does not witness a big move to the downside.
“This one might make it all the way back down to
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