An analyst known for his timely statements on altcoins has said that one of Dogecoin's (DOGE) competitors will make a big comeback after the crowd's attention shifts elsewhere.
Pseudonymous analyst The Flow Horse told 210,100 subscribers on social media platform X that he takes a long-term view on the Dogwifhat memcoin (WIF).
According to this top trader, #WIF is likely to move sideways in the coming months, which he believes will prepare the meme #token for a big rise in late 2024.
I think the dogs will take their hat off a bit.
But the next pumping will be stronger. I want to buy back the summer slump.
At the time of writing, WIF was at $2.40, down nearly 9% in the last 24 hours.
This trader is also eyeing Ethena (ENA), a managed token issued by Ethena Labs for the Decentralized Finance Protocol (DeFi) According to The Flow Horse, ENA is the fastest-growing of the current drop. It is one of the #altcoins .
At the time of writing, ENA was trading at $1.06, nearly 18% above its 24-hour low of $ 0.90.
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