- MANTA’s possible drop below $2 could be a good entry, the analyst pointed out.
- SEI could head to $0.78 but a drop below $0.60 could be possible afterward.
- ENS sellers’ fatigue could lead the price to $27 while BTC might drop further.
Pseudonymous crypto analyst Altcoin Sherpa told his followers about his short-term view of Bitcoin (BTC), Ethereum Name Service (ENS), Sei (SEI), and Manta Network (MANTA) on January 20.
According to him, MANTA has a good potential to hit new highs because of its impressive Total Value Locked (TVL).
$MANTA: Aping into new coins is probably a decent idea for binance. this one has a decent amount of TVL but I wouldnt buy until the low $2s personally. pic.twitter.com/zMXaMQvfir— Altcoin Sherpa (@AltcoinSherpa) January 20, 2024
MANTA/USD
Despite only launching a few days back, Manta’s TVL had increased to $427.03 million, DeFiLlama showed. This increase suggests that market participants seem to trust the protocol to give back a good yield.
However, Sherpa noted that it would be a good idea to buy MANTA when the price drops below $2. At press time, MANTA’s…
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