An avid follower of the crypto market predicts that a particular memecoin, which has experienced significant growth over the past five months, appears poised for further substantial gains.

During a recent analysis session, cryptocurrency expert Altcoin Sherpa shares with his 217,600 followers on the social media platform X that meme-based assets are rebounding impressively following the recent market downturn.

The trader highlights one memecoin, dogwifhat (WIF), suggesting that it is likely to experience a significant surge despite its already notable gains this year.

“Several memetic tokens are showing a strong recovery from their recent lows. WIF seems set to reach at least $2.50, with MOG displaying notable strength, and PEPEcoin showing a solid rebound zone (I have a stake in this one). Let’s observe how these developments unfold.”

In January, WIF was valued at $0.069. As of the current moment, it is trading at $2.16, marking an impressive increase of nearly 3,088%.

Shifting focus to the smart contract platform Solana (SOL), Altcoin Sherpa expresses optimism regarding the altcoin’s potential to reach close to a $170 price point, while cautioning that a potential downturn to lower levels cannot be ruled out.

“SOL: I anticipate a sustained upward trend. It remains to be seen if this is the definitive bottom; personally, I am not convinced. There might be another opportunity to revisit lower price levels later on.”

As of the present time, Solana is trading at $147, representing a 7% increase over the past 24 hours.

To stay updated, subscribers can receive email alerts directly to their inbox, ensuring they don’t miss any important updates.

For the latest price movements, follow us on X, Facebook, and Telegram, and explore The Daily Hodl mix for a variety of insights.

Disclaimer: The opinions expressed within The Daily Hodl are not intended as financial advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. Please be aware that all transactions and trades are undertaken at your own risk, with any resulting losses being your responsibility. The Daily Hodl does not endorse the buying or selling of specific cryptocurrencies or digital assets, nor does it provide investment advice. Kindly note that The Daily Hodl engages in affiliate marketing activities.

Generated Image: Midjourney