#Binance #Solana #Memecoins #PEPE #Ethereum
The altcoin, which is up more than 1,100% in three months, will outperform large-cap memcoins, according to a cryptanalyst.
A well-known crypto trader believes that one popular altcoin has the potential to outperform other large-cap memcoins.
A crypto analyst under the pseudonym Altcoin Sherpa is telling his 216,200 followers on social media platform X that the Pepe memcoin (PEPE) has more upside potential based on buyer demand and trading volume.
“If you've been looking for a meme with a big header, I think $PEPE is a good option. Good liquidity, high volume, this one definitely catches up a little bit with the others in my opinion. I'm not saying it will turn over $DOGE or anything like that, but it should go up relatively. Long in green boxes.
On February 19, Pepe was trading at $0.0000011 and at the time of writing is trading at $0.00001383, an increase of 1157%.
Further, the trader believes Ethereum will break through its all-time high (ATH) of around $5,000 if the $ETH spot exchange-traded fund (ETF) is approved.
However, he warns that ETH could recover once it crosses $4,000 before rising further.
“ETH: I think we'll pull back around $4,000 briefly, but it will definitely break all-time highs if/when the ETF is approved. This still appears to be a free trade for ETH going into an ATH that is worth $5,000. There may be some bumps along the way, but it seems inevitable.”
The trader also believes that ETH against Bitcoin may have bottomed in the market at 0.049 BTC ($3,333) and could outperform the crypto king in the short term.
“ETH: is this the bottom? Hard to say. We've been in this for so long that it's hard to call it. I think for most it's probably safer to just buy it along the way rather than try to catch it with a knife. Ultimately (short term) ETH should outperform BTC.”
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