A popular crypto trader predicts that a memecoin, which has experienced significant gains over the past five months, is poised for even greater growth. In a recent strategy session, Altcoin Sherpa, a crypto analyst with a large following on X, a social media platform, reveals that meme assets are recovering well after the recent market crash. According to Altcoin Sherpa, one memecoin in particular, known as dogwifhat (WIF), is ready to skyrocket despite already achieving substantial gains this year. Altcoin Sherpa explains, “Some memes are rebounding strongly from their lows. WIF will likely reach at least $2.50. MOG is also performing well, and og PEPEcoin is in a solid rebound zone (I personally own this one). Let’s see if these areas can be sustained.”
Image: Altcoin Sherpa/X
In January, WIF was valued at $0.069. As of the time of writing, it is trading at $2.16, marking an impressive gain of nearly 3,088%.
Moving on to the smart contract platform Solana (SOL), Altcoin Sherpa believes that this altcoin will eventually reach a price of around $170. However, he notes that there is a possibility of it crashing to even lower prices. “SOL: I believe it will increase in value overall. Whether this is the bottom remains to be seen; I am somewhat skeptical. I still think there will be another opportunity to buy at lower prices later on.”
Image: Altcoin Sherpa/X
At the time of writing, Solana is being traded at $147, showing a 7% gain in the last 24 hours.
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