A closely followed crypto strategist and trader says Solana (SOL) and three additional altcoins are his best picks for longer-term holds.

Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that SOL will likely remain in an uptrend as long as it holds $110 as support.

In addition to SOL, the analyst reveals other picks for “longer-term buys,” including crypto gambling platform Rollbit’s native token RLB, the layer-1 protocol Saga (SAGA) and Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI.

“Longer-term buys: RLB (shilled a lot plus ‘real value’ plus NFL). SAGA chart looks good. TAO at $200 (AI). SOL from $130-$110 still good in my opinion.”

Zeroing in on SAGA, the analyst suggests that the token is currently trading in a range after carving a bottom.

“SAGA I think this thing looks pretty good for a DCA (dollar cost averaging)/spot position. Looks to have found a bottom and consolidating over three months and ranging despite BTC being iffy.”

Solana is trading for $133 at time of writing, up more than 3% in the last 24 hours. Meanwhile, RLB is trading for $0.094 at time of writing, up 9.34% on the day, SAGA is trading for $1.53, up 13.23% on the day and TAO is trading for $276, up 10.71% in the last 24 hours.

The analyst also reveals his “swing trade” picks, including Helium (HNT), a Solana-based asset that uses hotspots to connect wireless devices to its network, lending platform Aave (AAVE) and Solana competitor Sui (SUI).

Looking closer at HNT, the analyst suggests HNT could retest lower levels in the near term after a sudden breakout.

“HNT finally got into this one. It’s being twapped or bought up by someone and it’s got a bizarre chart. I’ve been tweeting about this one for weeks at this point and traded it well before and bought on the recent move down. Holding for a bit with other orders lower.”

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

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An Ethereum ($ETH) whale has scooped up over 271 billion Shiba Inu ($SHIB) tokens amid an ongoing accumulation of the meme-inspired cryptocurrency. The whale bought its tokens for little over $6 million.

In accordance with whale monitoring service WhaleStats, which retains tracks of the 1,000 largest whales on the Ethereum community, the 208^th largest whale on it purchased the tokens shortly after it was revealed Shiba’s burn charge jumped over 6,700%.

?? An ETH whale simply purchased 271,370,420,624 $shib ($6,086,838 USD).

Transaction hash: 0x0416f4cfd03cf1a4b14f7d988ae60b75594fcc2597842793f2fc1672df9dd346#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 16, 2022

The meme-inspired cryptocurrency’s burn charge jumped after over 745 million tokens have been burned in solely 24 hours. SHIB burns have been a sizzling matter over the previous few weeks after the group behind the cryptocurrency introduced the launch of a token burning portal that’s set to assist the cryptocurrency’s neighborhood burn tokens in an effort to cut back its circulating provide.

Ethereum whales have notably been seemingly accumulating the meme-inspired cryptocurrency. This month, one other whale invested $1 million to purchase 49.6 billion SHIB, whereas earlier this yr one other whale purchased 58.9 billion SHIB for $1.9 million on the time of the acquisition.

Whales have been accumulating to the purpose that the meme-inspired cryptocurrency surpassed the native token of the FTX change, $FTT, because the second-largest holding ETH whales have of their portfolios.

The SHIBArmy has notably additionally been anticipating the launch of Shibarium, a layer-two community constructed on prime of the Ethereum blockchain meant to help the Shiba Inu ecosystem. It’s set to allow “fast low value transactions optimized for gaming.”

DISCLAIMER

The views and opinions expressed by the creator, or any individuals talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a danger of economic loss.

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