Meme Asset Set to Skyrocket, According to Crypto Analyst 🚀
A well-known crypto analyst predicts that a meme asset that has seen significant growth over the past eight months is poised for further gains.
Crypto Analyst’s Bullish Prediction for Memecoin 🌟
During a recent strategy session, a crypto trader known as Altcoin Sherpa shared with his 217,000 followers on X the belief that memecoin MAGA (TRUMP) will experience a surge in value despite a minor pullback.
- “TRUMP has retraced to the .50 Fibonacci level, and I plan to increase my holdings. I remain bullish on TRUMP due to the upcoming election and the expected mainstream media coverage. I predict a significant increase in the near future.”
Price Outlook and Potential Growth 📈
The trader’s analysis suggests that TRUMP could reach $18 by the end of June or early July. As of the latest data, TRUMP is priced at $12.43, showing a slight increase in the last 24 hours. Since October 7th, when it was valued at $0.0199, TRUMP has surged by an impressive 61,759%.
Altcoins in Focus
Besides TRUMP, Altcoin Sherpa also mentioned Notcoin (NOT), another altcoin that is gaining traction in the market.
- “NOT’s price action has stabilized, indicating a more consolidated pattern rather than extreme volatility. This shift suggests a more favorable trend compared to earlier spikes.”
Currently, NOT is trading at $0.0215, marking a significant increase from its May 26th price of $0.00527.
Long-Term Investment Strategy 📊
Altcoin Sherpa wraps up his assessment by recommending investors to consider investing in “shitcoins” until the fourth quarter of 2024. He anticipates a decline in Bitcoin’s dominance, creating opportunities for altcoins to generate profits.
- “It’s advisable to accumulate shitcoins until late Q4. While most altcoin/BTC pairs may continue to decline, I expect a shift towards altcoin action by Q4 as Bitcoin dominance decreases.”
Image Source: Shutterstock/Lemberg Vector Studio
Hot Take: Future Trends in Crypto Investment 🔥
As the crypto market continues to evolve, expert analysis points to potential growth opportunities for meme assets and altcoins. Stay informed and be prepared to capitalize on emerging trends in the market.
Sources:
Altcoin Sherpa Twitter
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