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