The closely watched cryptocurrency analyst and trader believes altcoins are gearing up for a surge after a massive correction.
pseudonymous trader The Flow Horse tells his 200,300 followers on social media platform
“Bitcoin aside, some of these alternatives will bounce too strongly from normal mean reversion. I may need to make a shopping list, but I still feel apathetic about the deal until at least July.”
The analyst also singled out Pepe (PEPE) as a memecoin that he believes will outperform other memecoins such as dogwifhat (WIF).
“Memecoin is not dead, but I don’t know if I want to refer to WIF as a representative pair or betting horse. (WIF) is underperforming Solana at its SOL all-time high (ATH) and underperforming BTC at its BTC ATH, both underperforming its original April lows and underperforming its last highs.
The most appropriate word is PEPE.”
As of this writing, PEPE is trading at $0.00001272, up 20% in the last 24 hours.
However, analysts say WIF is likely to bottom and will not fall to the $1 level.
“Emotions aside, I still prefer to be the buyer and not the seller here. It would be poetic to get a $1 top-up, but it’s probably not going to happen.”
At the time of this writing, WIF is trading at $2 and is up about 19% in the last 24 hours.
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