Memecoins
Crypto Analyst Says Very Bullish on Memecoins This Cycle – Here Are His Top Picks
A closely followed crypto strategist is becoming very bullish on memecoins in the current market cycle.
Pseudonymous Altcoin Analyst Sherpa tell its 215,600 followers on social media platform X that retail traders could send memecoins soaring.
“Very bullish on memes this cycle, but for many reasons. New retailers want to get rich quick, they will enter the casino with us. Adapt or continue to underperform.
The analyst also reveals his top memecoin picks, starting with large market cap projects: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), bonk (BONK) and dogwifhat (Wireless).
Analyst’s top mid-cap memecoin picks include Brett (BRETT), Joe Boden (BODEN), Popcat (POPCAT), Inu Rooster (ROOSTER) and Myro (MYRO).
The analyst also said that BONK is likely to continue to surpass another Solana (GROUND) based on memecoin, WIF.
“WIF: Bonk and WIF take turns as the leader of the Solana meme. It seems that eyes are mainly on BONK at the moment and I expect there to be a leader/lag relationship similar to DOGE/SHIB. For now, I expect WIF to do decently as long as BONK is strong, but it’s probably better to settle for the leader aka BONK…
BONK looks strong and expects WIF to also do well as long as BTC holds up. I probably wouldn’t buy here, given previous price action.
Source: Altcoin Sherpa/X
BONK is trading at $0.00002825 at the time of writing, up almost 12.5% in the last 24 hours. Meanwhile, WIF is trading at $3.20 at the time of writing, down more than 1% on the day.
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