Altcoin Sherpa, a well-known crypto strategist, is sharing his updated perspective on an altcoin amidst a market correction. He informs his large following on X that he remains optimistic about Ondo Finance (ONDO), a project that focuses on tokenizing real-world assets (RWAs).

Altcoin Sherpa notes that ONDO continues to be one of the best-performing coins and has shown resilience during the market correction. It is also currently leading in the RWA sector. Despite this, he suggests that it may not be the best choice for active trading, but rather a coin to buy and hold for the long term.

ONDO is currently trading at $0.839, which is a significant increase of over 920% from its January 18th low of $0.082.

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. In late May, the project plans to distribute 999.23 million tokens among five stakeholders. Token unlocks are often seen as bearish indicators because they introduce new sellable supply into the market.

Altcoin Sherpa explains that regardless of the technological strength of a coin, SUI is likely to experience a significant drop once investors receive their tokens. However, he suggests that there may be opportunities to buy during short-term price increases before ultimately shorting the coin.

Currently, SUI is trading at $1.11, experiencing a decrease of over 2% in the last 24 hours.

Please note that the opinions expressed by Altcoin Sherpa and reported by The Daily Hodl are not investment advice. Investors are advised to conduct their own research and exercise caution when making high-risk investments in Bitcoin, cryptocurrency, or digital assets.

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