The cryptocurrencies that have a chance to grow significantly in the near future

A well-known cryptocurrency strategist believes that Ethereum’s (ETH) competitors may have strong growth rates this year. Altcoin analyst Sherpa told his 214,300 followers on the social platform X about this.

According to the expert, the Fantom (FTM) token could soar by more than 15% from its current value. «I think it is still a very strong coin and should do well in 2024. However, I would like to see consolidation to form a long-term bottom. I expect that level to be $ 0.83 or $ 0.70. I’m still bullish on the market.»

The trader also predicted that Ethena (ENA), the governance token launched by Ethena Labs for the project’s DeFi protocol, will break out after a period of consolidation around the $ 1.24 level. «The first reaction of ENA. I think we are going to consolidate and then go up.»

The trader also expects Core (CORE) to see a pullback before the price goes up. «CORE: this block is calming down after a crazy rise. I think the current price around $ 0.50, all the way up to $ 2, seems reasonable to start buying. I expect BTC ecosystem projects to do quite well over the next 12−18 months.»