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Home»ALTCOIN NEWS»Trader Updates Solana Outlook, Says Memecoin Soars More than 3,000% in 5 Months, Ready to Go Higher
ALTCOIN NEWS

Trader Updates Solana Outlook, Says Memecoin Soars More than 3,000% in 5 Months, Ready to Go Higher

By Crypto FlexsJune 27, 20242 Mins Read
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Trader Updates Solana Outlook, Says Memecoin Soars More than 3,000% in 5 Months, Ready to Go Higher
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A prominent cryptocurrency trader says that one MIME coin, which has seen a massive rally over the past five months, could see even greater gains in the future.

In a new strategy session, cryptocurrency analyst Altcoin Sherpa told his 217,600 followers on social media platform X that meme assets are recovering nicely from the recent market crash.

According to the trader, one memecoin – dogwifhat (WIF) – Despite already making huge gains this year, it’s poised for a surge.

“Some memes are rebounding strongly from local bottoms. WIF will probably go to at least $2.50, MOG is one of the strongest, and PEPEcoin is in solid rebound territory (I own this). Let’s see if these areas can persist.”

Source: Altcoin Sherpa/X

In January, WIF was trading at $0.069. As of this writing, it is trading at $2.16, which is a gain of almost 3,088%.

Altcoin Sherpa, who is moving to smart contract platform Solana (SOL), believes the altcoin will eventually rise to near the $170 price tag, but notes that it could fall back to lower prices.

“SOL: I think it will go higher overall. It will be determined if this is the ‘bottom’. I doubt it. I still think you will get another chance at the bottom later.”

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Source: Altcoin Sherpa/X

Solana is trading at $147 at the time of writing, up 7% over the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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