Solana
Trader Says Memecoin, Which Exploded More Than 3,000% in Five Months, Is Poised to Surge, Updates Outlook on Solana
A closely followed crypto trader says a memecoin that has seen massive gains over the past five months appears poised to rise even higher.
In a new strategy session, Altcoin crypto analyst Sherpa tell His 217,600 followers on social media platform X indicate that meme assets are recovering well from the latest stock market crash.
According to the trader, a memecoin – dogwifhat (Wireless) – is poised to skyrocket despite already huge gains this year.
“Some memes bounce strongly from their local backgrounds. WIF will likely reach at least $2.50, MOG is one of the strongest, and and PEPEcoin is in a solid rebound zone (I own this one). Let’s see if these areas can be sustainable.
Source: Altcoin Sherpa/X
In January, WIF was trading at $0.069. It is now trading at $2.16 at the time of writing, a gain of nearly 3,088%.
Let’s move on to the Solana smart contract platform (GROUND), Altcoin Sherpa said he believes the altcoin will eventually reach near $170, but notes that it could fall back to even lower prices.
“SOL: I think it’s going higher overall. Whether this is “bottom” is up for debate; I kind of doubt it. I still think you’ll get another chance to hit the lows later.
Source: Altcoin Sherpa/X
Solana is trading at $147 at the time of writing, a gain of 7% in the last 24 hours.
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