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Home»ALTCOIN NEWS»Analyst Says Ethereum-Based Altcoins Are ‘Looking Incredibly Strong’, Explains Future Directions for Bitcoin and Solana
ALTCOIN NEWS

Analyst Says Ethereum-Based Altcoins Are ‘Looking Incredibly Strong’, Explains Future Directions for Bitcoin and Solana

By Crypto FlexsJuly 29, 20242 Mins Read
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Analyst Says Ethereum-Based Altcoins Are ‘Looking Incredibly Strong’, Explains Future Directions for Bitcoin and Solana
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A widely known cryptocurrency analyst and trader believes that one meme coin is on its way to the next level of growth.

Anonymous cryptocurrency trader Altcoin Sherpa told his 216,400 followers on social media platform X that Pepe (PEPE) market fundamentals look strong.

“Pepe: Didn’t get a chance to add to $0.00001111, but I’m still here. Looks incredibly strong. Still a huge fan of the meme overall.”

Source: Altcoin Sherpa/X

At the time of writing, Pepe is trading at $0.00001128, down 8% in the last 24 hours.

The analyst then said that Solana (SOL), a competitor to Ethereum (ETH), has greater upside potential due to network activity.

“SOL: Long Solana. Why? Because the SOL meme is still popular, and everyone has stocks in Solana. Being in the shitcoin trenches helps you understand these things a lot better. I expect a pullback soon, but I think that’s when the dip is worth buying.”

video
Source: Altcoin Sherpa/X

Looking at the analyst chart, he predicts that SOL could eventually reach $205.

As of this writing, Solana’s price is $166, down 6.7% over the last 24 hours.

Finally, the analyst said that Bitcoin (BTC) appears to be in a bullish trend but could retest the $63,000 level.

“BTC: Price still looks pretty strong. If it really goes down and you want to re-enter, look for $63,000 around the 200 EMA (exponential moving average) for the 4-hours. For now, I think everything will continue.”

video
Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $64,596, down about 2% over the last 24 hours.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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