You can also read this news on COINTURK NEWS: Crypto Strategist Recommends Solana and Three Other Altcoins for Long-Term Investments

A popular crypto strategist and trader highlights Solana (SOL) and three other altcoins as long-term investment options. The pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on social media platform X that SOL will remain in an uptrend as long as it holds the $110 support level.

Recommended Altcoins

Besides SOL, the analyst also recommends Rollbit’s native token RLB, layer-1 protocol Saga (SAGA), and Bittensor (TAO) for long-term purchases. He mentions that RLB offers “real value” and that SAGA has a promising chart outlook. Additionally, he states that TAO focuses on artificial intelligence and machine learning around the $200 level.

SAGA’s Status

Focusing on SAGA, the analyst notes that the token has been trading within a range after forming a base. Altcoin Sherpa shares his views that SAGA is in a three-month consolidation process and remains within the range despite the uncertain status of Bitcoin .

Price Situations

At the time of writing, Solana is trading at $133, having risen over 3% in the last 24 hours. RLB is trading at $0.094, showing an increase of 9.34%. SAGA is trading at $1.53, recording a 13.23% rise. TAO is trading at $276, with a 10.71% increase in the last 24 hours.

Other Altcoin Preferences

The analyst also suggests altcoins like Helium (HNT), Aave (AAVE), and Solana competitor Sui (SUI) for “swing trade.” Speaking about HNT, the analyst notes that this altcoin could retest lower levels after a sudden surge. He plans to hold HNT for a while at lower levels along with other orders.

HNT is trading at $7.61 at the time of writing, having dropped 7.3% in the last 24 hours.

According to the analyst’s evaluations, altcoins like SOL, RLB, SAGA, and TAO could be noteworthy for long-term investments. The analyst aims to inform investors by considering the potential and current market performance of these altcoins. However, it is worth noting that investors should conduct their own research and exercise caution.

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