A well-known cryptocurrency analyst predicts that memecoins, after facing significant losses in recent months, are likely to make a return to the spotlight.
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Altcoin Sherpa believes that while these tokens have taken a hit, they will eventually regain traction due to their reliance on market attention. However, Sherpa notes that older memecoins with established histories are expected to lead the recovery. One token he’s keeping an eye on is Bonk (BONK), which operates on the Solana (SOL) blockchain.
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Despite significant losses, with BONK dropping 85% from its highs, Sherpa believes its connection to the Solana ecosystem could make it a solid investment as the network gains popularity.
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Sherpa also mentions other tokens like Fartcoin and WIF, noting that when Solana thrives, these coins are also worth considering. He views the drop in BONK’s value as an opportunity, stating that he himself holds a position in the token.
Another memecoin under Sherpa’s radar is Pepe (PEPE), based on Ethereum (ETH). While he believes PEPE might also be nearing a bottom, he sees potential for significant movement if Bitcoin (BTC) sees a surge. According to Sherpa’s analysis, PEPE could either rise to $0.000015 or fall to a new low of $0.000001 in 2025.
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Alexander Stefanov
