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😱🔥Crypto Analyst Says He Expects a High Rise in Memecoins This Cycle - Here Are the Most Preferred
A closely followed crypto strategist is quite bullish about memecoins in the current market cycle.
The pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that retail traders can upgrade memecoins quickly.
For many reasons, it is expected to be quite bullish about memes this cycle. The new retail wants to get rich quickly, they will enter the casino with us. Adapt or continue to underperform.”
The analyst also explains his top memecoin picks, starting with the major market cap projects: Dogecoin (#DOGE ), Shiba Inu (#SHIB ), Pepe ( PEPE ), Bonk ( #BONK ) and dogwifhat ( WIF).
The analyst also says that BONK will continue to outperform WIF, another memecoin based on Solana ( SOL ).
WIF: Bonk and WIF take turns leading, with Solana as the meme leader. It seems that the eyes are mostly on BONK at the moment, and I expect that there will be a leader/rest relationship similar to the DOGE/SHIB. For now, I expect the WIF to perform well as long as the BONK is strong, but it's probably better to keep the leader BONK long…
BONK looks strong and expects WIF to perform well as long as BTC stays afloat. I probably wouldn't buy here given the previous price action.”
At the time of writing, BONK is trading at $0.00002825, up about 12.5% in the last 24 hours. WIF, meanwhile, is trading at $3.20 Dec, down more than 1% on the day at the time of writing.
