Crypto Trader Sees Memecoin Resurgence After Sector Got ‘Smashed’ – Here Are His Top Picks
A Crypto Strategist Predicts Memecoins Will Make a Comeback
A well-known crypto strategist believes that memecoins will see a resurgence in popularity after facing significant losses in recent months. Altcoin Sherpa, a pseudonymous trader with a large following on the social media platform X, shared his insights with his 244,300 followers, emphasizing the importance of trader attention in the crypto sector.
While acknowledging the challenges faced by memecoins, Altcoin Sherpa is optimistic about their future, particularly highlighting older meme tokens as potential leaders in the upcoming surge. One such token that has caught his attention is Bonk (BONK), which is based on the Solana (SOL) blockchain.
Altcoin Sherpa explained, “Most memes got smashed overall but I think that they’ll eventually come back to some degree. Memes by nature are attention driven but I do think that some of the more ‘Lindy’ ones will have a better chance. You probably just go off ecosystem. When SOL is hot, coins like BONK are going to be decent bets.”
The trader also referenced the Lindy Effect, suggesting that tokens with a longer history are more likely to thrive in the long run. At the time of writing, BONK is valued at $0.000012.
Another memecoin that Altcoin Sherpa is keeping an eye on is Pepe (PEPE), which is based on the Ethereum (ETH) blockchain. He noted, “Feels like PEPE is also around a bottom, too. PEPE obviously an ETH beta but it’s also a good one if BTC starts going wild in my opinion.”
Altcoin Sherpa’s chart analysis suggests that PEPE could either rally to $0.000015 or drop to a new low of $0.000001. Currently, PEPE is trading at $0.000007.
For more updates and insights, follow Altcoin Sherpa on X, Facebook, and Telegram. Don’t miss out on the latest news by subscribing to email alerts delivered directly to your inbox. Stay informed about price action and explore The Daily Hodl Mix for more crypto content.
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