In a recent analysis, a well-known crypto expert predicts that a meme coin that has shown significant growth over the past eight months will continue to rise.

During a new session, the crypto trader known as Altcoin Sherpa, who has a following of 217,000 on the social media platform X, shares with his audience that memecoin MAGA (TRUMP) is set to go “berserk” despite a minor setback.

“TRUMP: This coin is still part of my portfolio and has dipped to the .50 Fibonacci level. I am considering adding to my position at this point. I remain optimistic about its prospects leading up to the election, especially since TRUMP will likely be a topic of discussion in mainstream media. In my opinion, this coin will see significant growth in the future.”

According to the trader’s analysis, TRUMP could reach a price of $18 by the end of June or the beginning of July. Currently, TRUMP is trading at $12.43, showing a slight increase in the last 24 hours. From its value of $0.0199 on October 7th, the coin has experienced an astonishing gain of 61,759% since then.

Altcoin Sherpa also mentions Notcoin (NOT), another popular altcoin, noting that it appears to be forming a pattern that suggests it may have reached its peak.

“NOT: I have changed my stance on this coin. The price movement has stabilized and there is less volatility. This coin seems more stable now, showing a consolidation pattern rather than drastic spikes in both directions, which could indicate a peak.”

At the time of writing, NOT is trading at $0.0215, marking an increase of over 300% from its price of $0.00527 on May 26th.

The analyst wraps up his analysis by recommending that investors accumulate “shitcoins” until the fourth quarter of 2024, as he predicts that Bitcoin’s dominance level will decrease by then, opening up opportunities for altcoins to see gains.

“It might be a good idea to gather up some low-value coins until late Q4. It’s hard to pinpoint the exact timing, but I believe most altcoin/BTC pairs will continue to decline. However, when Q4 arrives, I anticipate BTC dominance to decrease, leading to increased activity in the altcoin market.”

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