Cryptocurrency trader closely following the market reports that a meme coin that has seen significant gains over the past five months appears to be ready for a surge.
During a recent strategy meeting, cryptocurrency analyst Altcoin Sherpa told his 217,600 followers on the social media platform X that meme assets are recovering well from the recent market crash.
According to the trader, despite the substantial gains made this year, one meme coin, dogwifhat (WIF), is poised for a surge.
“Some memes are bouncing back strong from the local bottoms. WIF could easily hit $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 hold.”
Source: Altcoin Sherpa/X
In January, WIF was trading at $0.069. At the time of writing, its trading price is $2.16, representing an increase of nearly 3088%.
Regarding the smart contract platform Solana, Altcoin Sherpa expressed his belief that SOL will eventually rise to around $170, but noted that it may fall to lower prices.
“SOL: I think this will overall go higher. To determine if this is the ‘bottom’; I’m a little skeptical. I still believe you’ll retest the lows later.”
Source: Altcoin Sherpa/X
At the time of writing, Solana’s trading price is $147, up 7% in the past 24 hours.
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