A Crypto Strategist Believes Memecoins Will Make a Comeback
A well-known crypto strategist, Altcoin Sherpa, recently shared his thoughts on the future of memecoins in the crypto market. Despite being crushed in recent months, Sherpa believes that meme tokens will eventually regain their popularity as trader attention shifts back to them.
Longevity Key to Success
According to Altcoin Sherpa, memecoins that have been around longer are likely to lead the resurgence in the market. He specifically mentioned Bonk (BONK), a Solana-based token, as one of the assets on his radar. Sherpa highlighted the importance of the Lindy Effect, which suggests that the longer something survives, the longer it is likely to continue surviving.
As of now, BONK is valued at $0.000012, making it an attractive option for traders looking to capitalize on a potential rebound in memecoins.
Pepe (PEPE) Also Showing Promise
Another memecoin that Altcoin Sherpa is keeping an eye on is Pepe (PEPE), an Ethereum-based token. Sherpa believes that PEPE is currently at a bottom and could see a significant price movement if Bitcoin experiences a bullish run.
Looking at Sherpa’s chart, PEPE has the potential to rally to $0.000015 or drop to a new low of $0.000001. At present, PEPE is trading at $0.000007, presenting an opportunity for traders to enter the market at a relatively low price point.
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