In a recent update, the renowned crypto strategist Altcoin Sherpa speculates that Solana (SOL) could experience a significant surge of 267% this year. The trader recommends considering an average buy-in for SOL, with a predicted price target of over $500. Monitoring key Fibonacci levels at $138 and $116, the current market price for SOL stands at $136, reflecting a 5.54% decrease over the past 24 hours.

Altcoin Sherpa also suggests potential opportunities in two AI-related projects, Fetch.ai (FET) and Render (RNDR). Expressing optimism for future price movements, the analyst advises investors to consider purchasing FET and RNDR when prices retrace to Fibonacci levels of .50 and .618. FET, currently priced at $2.11, may decline to around $1.45, as per the trader's analysis. On the other hand, RNDR, trading at $7.95, is anticipated to drop to the 200-day EMA at approximately $6. This is in alignment with the trader's expectations for significant gains in the near future.

Source: Altcoin Sherpa/X