A carefully adopted crypto strategist is popping very bullish on memecoins within the present market cycle.
Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that retail merchants may ship memecoins hovering.
“Extremely bullish on memes this cycle although for lots of causes. New retail needs to get wealthy fast, they’re going to enter the on line casino with us. Adapt or proceed to underperform.”
The analyst additionally reveals his high memecoin picks beginning with giant market cap initiatives: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK) and dogwifhat (WIF).
The analyst’s high mid-cap memecoin picks embody Brett (BRETT), Joe Boden (BODEN), Popcat (POPCAT), Coq Inu (COQ) and Myro (MYRO).
The analyst additionally says that BONK is prone to proceed to outperform one other Solana (SOL) based mostly memecoin, WIF.
“WIF: Bonk and WIF take turns main because the Solana meme chief. It seems like eyes are totally on BONK in the mean time and I anticipate there to be a frontrunner/lagger relationship just like DOGE/SHIB. For now, I anticipate WIF to do decently so long as BONK is powerful, however most likely higher to only lengthy the chief aka BONK…
BONK seems sturdy, anticipating WIF to additionally do nicely so long as BTC holds up. Most likely wouldn’t purchase right here although given the earlier value motion.”
BONK is buying and selling for $0.00002825 at time of writing, up almost 12.5% within the final 24 hours. In the meantime, WIF is buying and selling for $3.20 at time of writing, down greater than 1% on the day.
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