An influential crypto-strategist updates his views on an altcoin that is currently hot in the face of recent market fluctuations.
Altcoin Sherpa is a pseudonymous Altcoin analyst tells Ondo Finance is a long-term investment for his 215,800 social media followers (ONDOThe project focuses on the tokenization of real-world assets.
“ONDO: still one of the best-performing coins and has held up the best. Still also the leader in RWA right now. I think that this looks strong. Not a great active trade though. Better to just buy and hold for now.”
ONDO trades at $0.839 as of the time of this writing. This is up over 920% since its lowest price of $0.082 on January 18, 2018.
The next step is the trader predicts Layer-1 smart contracts platform SuiSUIThe market will become bearish as a result of a token unlocked. The next The crypto project is planning to release SUI in late May. distribute Five stakeholders will share 999.23 millions tokens.
Many people view unlocks as negative, given that they create a new source of sellable goods.
Altcoin Sherpa says.
“Doesn’t matter how good/strong a coin is from a tech perspective. SUI will nuke to Hades once investors start getting their tokens. This thing will have exit pumps though so you can probably buy green box, wait for it to mini-pump, then short it.”
SUI trades for $1.11 as of the time this article was written, down by more than 2% over the past 24 hours.
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