A closely watched cryptocurrency trader says a meme coin that has surged dramatically over the past five months appears poised for another big move.
During a recent strategy session, cryptocurrency analyst Altcoin Sherpa told his 217,600 followers on social media platform X that meme assets are recovering well from the recent market crash.
According to the trader, despite already making massive gains this year, one meme coin – dogwifhat (WIF) – is still set to soar.
“Some memes are bouncing strongly from local bottoms. WIF could go at least to $2.50, MOG is one of the stronger ones, and og PEPEcoin is in a stable rebound area (I own this). Let’s see if these areas can hold,” he said.
Source: Altcoin Sherpa/X
In January, WIF was trading at $0.069. As of writing, it is trading at $2.16, up nearly 3088%.
Discussing the smart contract platform Solana, Altcoin Sherpa said he believes SOL will ultimately rise to around $170, but noted that it may pull back to lower prices.
“SOL: I think this will overall be higher. To determine if this is the ‘bottom,’ I am a bit skeptical. I still think you will have another chance to buy lower,” he said.
Source: Altcoin Sherpa/X
As of writing, Solana is trading at $147, up 7% in the past 24 hours.
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