A popular crypto trader thinks memecoins are about to bounce back after a rough few months. Altcoin Sherpa, a well-known trader with a huge following on X (formerly Twitter), predicts a resurgence for these attention-grabbing tokens.
Why the Memecoin Comeback?
Sherpa argues that the crypto market thrives on hype, and memecoins are all about that. He believes that those memecoins that have been around longer have a better chance of leading the charge. He uses the “Lindy Effect”—the idea that the longer something’s lasted, the longer it’s likely to last—to support his theory.
Sherpa’s Top Picks
So, which memecoins is Sherpa betting on? Two stand out:
Bonk (BONK)
This Solana-based token is a top pick for Sherpa. He points out that BONK is down significantly from its peak, making it a potentially attractive buy. He also notes that when Solana performs well, BONK tends to do well too.
Pepe (PEPE)
Sherpa also sees potential in Pepe, an Ethereum-based memecoin. He thinks Pepe is near its bottom and could rally significantly if Bitcoin starts to surge. His chart suggests a possible price increase to $0.000015 or a drop to a new low of $0.000001.
Disclaimer: This is just one trader’s opinion. Investing in crypto is risky, and you should always do your own research before investing. This information is not financial advice.
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