Altcoin Sherpa, a cryptocurrency strategist, has made bold predictions regarding the value of Solana SOL/USD, anticipating a substantial surge of 267% and a possible breakthrough of the $500 mark by the end of the year. Encouraging investors to consider acquiring shares of Solana at current levels, he foresees significant future gains in the digital asset's value, expressing optimism about its potential growth.
In addition to his recommendations on Solana, Altcoin Sherpa also highlighted the investment potential in two AI-focused cryptocurrencies, Fetch.ai (FET) and Render (RNDR). He suggested that these cryptocurrencies might experience price dips, presenting attractive buying opportunities for investors. The strategist advised investors to start averaging into these AI coins at certain Fibonacci levels, foreseeing potential rebounds and rallies following short-term pullbacks attributed to market volatility.
Presently, Solana is being traded at $136, showing a slight decrease of 5.54% within the past day. Similarly, Fetch.ai and Render are trading at $2.11 and $7.95, respectively, with both experiencing a decline of over 7%. Altcoin Sherpa's insights and recommendations suggest a positive outlook for these cryptocurrencies, encouraging potential investors to consider the opportunities presented within the volatile cryptocurrency market.