A closely watched crypto trader says a memecoin that has posted massive gains over the past five months appears poised to soar even higher.
In a new strategy session, crypto analyst Altcoin Sherpa said tells his 217,600 followers on the social media platform X are recovering well from the latest market crash.
According to the trader, one memecoin – dog hat (WIF) – is poised to skyrocket despite already making huge gains this year.
“Some memes are making a strong leap from their local soil. WIF will probably go to at least $2.50, MOG is one of the stronger ones, and og PEPEcoin is in solid bounce territory (I own this one). Let’s see if these areas can be maintained.”
In January, WIF was trading at $0.069. At the time of writing, it is now trading at $2.16, a gain of almost 3,088%.
We continue with smart contract platform Solana (SOL), Altcoin Sherpa say he believes the altcoin will eventually rise to near the $170 price tag, but notes that it could collapse again to even lower prices.
“SOL: I think this is generally higher. still to be determined whether this is ‘the bottom’; I kind of doubt it. I still think you’ll get another chance at the lows later.
Solana is trading at $147 at the time of writing, a gain of 7% over the last 24 hours.
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Generated image: Midjourney