Altcoins
Analyst Says Top Memecoin Will Do Big Numbers This Year, Updates Predictions on BNB and Two Other Altcoins
A closely followed crypto analyst believes one of the major memecoins could make big gains by the end of the year.
Cryptocurrency trader pseudonym Altcoin Sherpa tells his 217,100 followers on social media platform X who are long-term bullish on Dogecoin (DOGE).
“DOGE: A lot of memes look choppy in the short term, but I still think they look pretty good on high time frame charts. However, expecting more momentum for the next stretch, I would not rush to buy new positions here. Patience. I still think these will do great numbers by the end of the year.
Source: Altcoin Sherpa/X
Looking at his chart, the analyst suggests that DOGE could trade around a range with a low limit of $0.12 and a high limit of $0.17 before breaking out later in 2024.
DOGE trades for $0.13 at the time of writing, down more than 4% in the last 24 hours.
Then the analyst warns that Ondo Finance (WAVE), a project focused on the tokenization of real-world assets (RWA), could return to lower levels in the near term.
“ONDO: I made a mistake in consolidating for another stage, I wasn’t ready. I think this will probably trade at the $1.10 level before the next bounce (should be small first at $1.19). However, we are still optimistic from a RWA (real world assets) perspective.”
Source: Altcoin Sherpa/X
At the time of writing, ONDO is trading at $1.22, down 1.4% over the past 24 hours.
Then the analyst you think that BNB (BNB), the utility token for the BNB chain ecosystem, could return to Fibonacci levels before resuming a bullish trend. Major downside price objectives include $600.
“BNB: half profit, hope to get lower entries.”
Source: Altcoin Sherpa/X
At the time of writing, BNB is trading for $609, down nearly 6% in the past 24 hours.
Finally, the analyst suggest that Internet of Things (IoT) project Jasmy (JASMINE) could have more upside potential if it holds $0.0377 as support.
“JASMY never bought this bullshit coin, but it still looks pretty strong. Bizarre.”
Source: Altcoin Sherpa/X
JASMY trades for $0.0357 at the time of writing, down nearly 6% over the past 24 hours.
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