Renowned cryptocurrency analyst Altcoin Sherpa is optimistic about the potential of two memecoins, Pepe (PEPE) and PepeCoin (PEPECOIN), in the coming months. Despite expecting a short-term pullback, Altcoin Sherpa believes that both coins will experience significant growth in the future.
Analyzing the daily chart, Altcoin Sherpa suggests that Pepe may retest the support level at $0.00001084. Currently, Pepe is trading at $0.00001506, representing a nearly 5% increase in the last 24 hours.
On the other hand, Altcoin Sherpa predicts a decline for PepeCoin, as it respected the resistance at $5.50. At the time of writing, PepeCoin is trading at $5.31, indicating a 3% decrease for the day.
Altcoin Sherpa also expresses long-term optimism about Render (RNDR), the native asset of the decentralized graphics processing unit (GPU) rendering blockchain. While not recommending an active trade, Altcoin Sherpa suggests buying RNDR and dollar-cost averaging if its price goes lower. Despite recent underperformance in the artificial intelligence coin sector, Altcoin Sherpa believes that RNDR will perform well in the overall market cycle.
At present, RNDR is trading at $10.06, showing a fractional increase in the last 24 hours.
It’s important to note that the opinions expressed by Altcoin Sherpa are not investment advice. Investors should conduct their own research and exercise caution before engaging in high-risk investments in cryptocurrencies or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and readers are advised to take responsibility for their own transfers and trades.
