A respected crypto analyst believes that we will see positive price action for three crypto assets that currently have market caps below $1 billion.
Solana-based Jupiter (JUP)
Pseudonymous crypto strategist Altcoin Sherpa believes in the potential of the Solana-based decentralized exchange aggregator Jupiter (JUP).
He shared a chart indicating that JUP could form a local bottom around $0.50 and potentially climb to $0.82.
As of writing, JUP trades at $0.58.
Manta Network (MANTA)
Altcoin Sherpa also mentioned the privacy-focused crypto project Manta Network (MANTA). He suggested that MANTA’s native token might rebound if Bitcoin (BTC) remains stable.
At the time of writing, MANTA is trading at $3.05.
Chainlink (LINK)
For the decentralized oracle network Chainlink (LINK), Altcoin Sherpa expressed bullish sentiment.
He believes that LINK will likely reach higher prices if it can break through its current resistance level.
At the time of writing, LINK trades at $17.81.
What is a Decentralized Exchange (DEX)?
A decentralized exchange (DEX) is a peer-to-peer marketplace that facilitates the trading of cryptocurrencies without the need for a centralized intermediary.
Unlike centralized exchanges, DEXs offer greater privacy, security, and autonomy to users.
What is a Decentralized Oracle Network?
A decentralized oracle network provides secure and reliable data feeds to smart contracts by aggregating information from multiple sources.
It eliminates the risk of a single point of failure and ensures the accuracy and transparency of the data used by smart contracts.