A popular cryptocurrency analyst predicts that a meme coin that has shown significant growth over the past eight months will continue to rise.

During a recent strategy session, the crypto trader known as Altcoin Sherpa shared with his 217,000 followers on the social media platform X his thoughts on memecoin MAGA (TRUMP), despite a minor pullback.

Altcoin Sherpa remains optimistic about TRUMP, stating, “this is still one of my bags and this is pulled back to the .50 fibonacci level, I think I’m going to add to my position around here. Still bullish with this overall narrative going into [the] election and TRUMP will be talked about often by mainstream media. This goes berserk later too, in my opinion.”

According to the trader’s chart, TRUMP could reach the $18 mark by the end of June or the beginning of July. As of the time of writing, TRUMP is trading at $12.43, with a slight increase in the last 24 hours. Since October 7th, when it was valued at $0.0199, TRUMP has seen an impressive gain of 61,759%.

Altcoin Sherpa also made comments on Notcoin (NOT), another popular altcoin, suggesting that it may have reached a peak.

“NOT: I’ve since changed my mind. The price action has calmed down and there’s a lot less volatility. I think that this looks a lot better now- you can see more of a consolidation pattern instead of huge spikes in both directions (which is more indicative of a top).”

At the time of writing, NOT is trading at $0.0215, showing an increase of over 300% from its price of $0.00527 set on May 26th.

In conclusion, Altcoin Sherpa advises investors to accumulate “shitcoins” until Q4 of 2024, as he predicts that Bitcoin’s dominance level will decrease by then, allowing altcoins to see significant gains.

“You should probably accumulate shitcoins from now until late Q4. Hard to say what the particular timing is but most altcoin/BTC pairs are going to continue to go down in my opinion, but once Q4 rolls around, expecting BTC.d to come down and for there to be some alt action.”

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