A prominent cryptocurrency enthusiast, known for his accurate market predictions, has recently indicated that a certain memecoin, which has experienced substantial appreciation over the past five months, is poised for an even greater upswing.

During his latest market analysis, the esteemed crypto pundit Altcoin Sherpa shared with his 217,600 followers on the digital platform X that meme-based digital assets are showing robust recovery from the recent market downturn.

He highlighted that the memecoin dogwifhat (WIF) is set to soar, having already achieved significant gains this year. “We’re witnessing a resilient rebound in meme cryptocurrencies from their recent lows. WIF is likely to ascend to a minimum of $2.50. MOG stands out as one of the more robust contenders, while the original PEPEcoin is currently at a strong recovery point (which I personally hold). It remains to be seen if these levels will hold firm.”

Source: Altcoin Sherpa/X

Back in January, WIF’s trading value was a mere $0.069. As of the latest update, it has climbed to $2.16, marking an impressive surge of nearly 3,088%.

Turning our attention to the smart contract platform Solana (SOL), Altcoin Sherpa expressed his belief that the altcoin is on track to approach the $170 mark, though he cautioned that there’s potential for a dip to lower values. “SOL’s trajectory seems to be on an upward climb. Whether this is the definitive ‘bottom’ is yet to be confirmed—I have my reservations. It’s probable that there will be another opportunity to buy in at the lows at a later time.”

Source: Altcoin Sherpa/X

Currently, Solana is trading at $147, having enjoyed a 7% increase in the last 24 hours.

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