Crypto Strategist Bullish on Memecoins in Current Market Cycle: Top Picks and Analysis by Altcoin Sherpa

The crypto market is buzzing with excitement as a well-known analyst, Altcoin Sherpa, has expressed a bullish outlook on memecoins in the current market cycle. With over 215,600 followers on X, Altcoin Sherpa is closely watched for his insights and predictions in the crypto space.

In a recent tweet, Altcoin Sherpa highlighted the potential for memecoins to see significant gains as retail traders look to capitalize on the market’s volatility. He emphasized the appeal of memecoins to new retail investors who are eager to make quick profits, suggesting that these coins could see a surge in demand.

Altcoin Sherpa also shared his top memecoin picks, including popular projects like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), and dogwifhat (WIF). He further identified mid-cap memecoins such as Brett (BRETT), Joe Boden (BODEN), Popcat (POPCAT), Coq Inu (COQ), and Myro (MYRO) as potential contenders for growth.

Of particular interest is Altcoin Sherpa’s analysis of BONK and WIF, two memecoins based on the Solana blockchain. He suggests that BONK is currently the stronger performer and expects WIF to follow suit as long as Bitcoin remains stable. However, he cautions against buying WIF at its current price level based on previous price action.

At the time of writing, BONK is trading at $0.00002825, showing a nearly 12.5% increase in the last 24 hours. On the other hand, WIF is trading at $3.20, experiencing a slight decline of more than 1% on the day.

Overall, Altcoin Sherpa’s bullish stance on memecoins has caught the attention of many in the crypto community, with investors eagerly watching the market for potential opportunities. As the market continues to evolve, it will be interesting to see how these memecoins perform and whether Altcoin Sherpa’s predictions come to fruition.