Trader Says Memecoin That’s Exploded Over 3,000% in Five Months Primed To Go Higher, Updates Outlook on Solana

A closely followed crypto trader says that one memecoin that has seen massive gains during the last five months looks ready to surge even higher.

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

According to the trader, one memecoin dogwifhat (WIF) is primed to skyrocket despite already printing huge gains this year.

“Some memes are making a strong bounce from their local bottoms. WIF probably will go to at least $2.50, MOG is one of the stronger ones, and og PEPEcoin is at a solid bounce area (I own this one). Let’s see if these areas can be sustained.”

Source: Altcoin Sherpa/X

In January, WIF was trading for $0.069. It is now trading for $2.16 at time of writing, a gain of nearly 3,088%.

Moving on to smart contract platform Solana (SOL), Altcoin Sherpa says he believes the altcoin will eventually rise to near the $170 price tag but notes that it could crash back down to even lower prices.

“SOL: I think this goes higher overall. to be determined if this is ‘the bottom’; I kind of doubt it. I still think you get another shot at the lows again later.”

Source: Altcoin Sherpa/X

Solana is trading for $147 at time of writing, a 7% gain during the last 24 hours.

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The post Trader Says Memecoin That’s Exploded Over 3,000% in Five Months Primed To Go Higher, Updates Outlook on Solana appeared first on The Daily Hodl.

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