A well-known cryptocurrency analyst is optimistic about the future potential of two memecoins. Altcoin Sherpa, a trader who goes by a pseudonym, shares his bullish outlook on Pepe (PEPE) and PepeCoin (PEPECOIN) with his 216,400 followers on the social media platform X. However, he cautions that these memecoins may experience a temporary pullback before experiencing significant growth in the coming months. Altcoin Sherpa himself holds both of these coins.

Analyzing the daily chart, Altcoin Sherpa suggests that Pepe could retest the support level at $0.00001084. Currently, Pepe is trading at $0.00001506, showing a nearly 5% increase in the last 24 hours.

Regarding PepeCoin, Altcoin Sherpa shares a chart indicating that the meme token may experience a decline after encountering resistance at $5.50. At present, PepeCoin is trading at $5.31, reflecting a nearly 3% decrease for the day.

Altcoin Sherpa also expresses his long-term bullish sentiment towards Render (RNDR), the native asset of the decentralized graphics processing unit (GPU) rendering blockchain. He suggests that rather than actively trading RNDR, it is more prudent to buy and dollar-cost average if the price dips. Although artificial intelligence coins have not performed well in the past week, Altcoin Sherpa believes it is reasonable for them to cool off before resuming an upward trend. He remains optimistic about RNDR’s potential throughout the cycle.

At the time of writing, RNDR is trading at $10.06, showing a slight increase in the last 24 hours.

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