Crypto analyst Altcoin Sherpa, known for his pseudonymous identity, is optimistic about the future potential of two memecoins, Pepe (PEPE) and PepeCoin (PEPECOIN). Despite expecting a possible short-term pullback, Altcoin Sherpa believes that both tokens will experience significant growth in the coming months.

According to Altcoin Sherpa, Pepe may retest the support level at $0.00001084, while its current trading price stands at $0.00001506, showing a nearly 5% increase in the last 24 hours. On the other hand, PepeCoin is currently trading at $5.31, down almost 3% for the day, with Altcoin Sherpa suggesting a potential downward movement after encountering resistance at $5.50.

In addition to memecoins, Altcoin Sherpa also expresses long-term bullishness towards Render (RNDR), the native asset of the decentralized graphics processing unit (GPU) rendering blockchain. While he acknowledges that AI coins have had a rough week, he believes it is reasonable for them to cool down temporarily. Nevertheless, Altcoin Sherpa remains optimistic about Render’s prospects for the overall cycle.

At the time of writing, Render is trading at $10.06, demonstrating a slight increase in the last 24 hours.

It is important to note that the opinions expressed by Altcoin Sherpa and featured in this article are not investment advice. Investors are advised to conduct their own research and analysis before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this information was sourced, does not endorse or recommend the buying or selling of any specific cryptocurrencies or digital assets.