A well-known crypto strategist is revising his perspective on a popular altcoin in the midst of a correction in the crypto market. Altcoin Sherpa, an analyst with a large following of 215,800 users on the social media platform X, reveals that he remains optimistic about the long-term prospects of Ondo Finance (ONDO), a project that focuses on tokenizing real-world assets (RWAs).

According to Altcoin Sherpa, ONDO is still one of the top-performing coins and has shown remarkable resilience. It continues to lead in the tokenization of real-world assets. Although he acknowledges that it may not be an ideal active trade at the moment, he suggests that it is better to buy and hold ONDO for now.

As of now, ONDO is trading at $0.839, representing an impressive increase of over 920% from its low of $0.082 on January 18th of this year.

Moving on, Altcoin Sherpa predicts that Sui (SUI), a layer-1 smart contract platform, will experience a bearish trend due to an upcoming token unlock. The next unlock for SUI is scheduled for late May, during which the project plans to distribute 999.23 million tokens among five stakeholders. Generally, token unlocks are seen as bearish indicators because they introduce new sellable supply into the market.

Altcoin Sherpa emphasizes that regardless of a coin’s technological strength or potential, SUI is expected to experience a significant drop once investors start receiving their tokens. However, he also suggests that there may be opportunities for short-term gains by buying during a mini-pump before shorting it.

As of now, SUI is trading at $1.11, reflecting a decrease of over 2% in the past 24 hours.

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