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A closely followed crypto trader says that one memecoin that has seen massive gains during the last five months looks ready to surge even higher.
In a new strategy session, crypto analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that meme assets are recovering nicely from the latest market crash.
According to the trader, one memecoin – dogwifhat (WIF) – is primed to skyrocket despite already printing huge gains this year.
“Some memes are making a strong bounce from their local bottoms. WIF probably will go to at least $2.50, MOG is one of the stronger ones, and og PEPEcoin is at a solid bounce area (I own this one). Let’s see if these areas can be sustained.”
In January, WIF was trading for $0.069. It is now trading for $2.16 at time of writing, a gain of nearly 3,088%.
Moving on to smart contract platform Solana (SOL), Altcoin Sherpa says he believes the altcoin will eventually rise to near the $170 price tag but notes that it could crash back down to even lower prices.
“SOL: I think this goes higher overall. to be determined if this is ‘the bottom’; I kind of doubt it. I still think you get another shot at the lows again later.”
Solana is trading for $147 at time of writing, a 7% gain during the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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