Crypto Trader Predicts Rampant Surge for Memecoin That Soared Over 61,000% in Just Eight Months

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  <p>An influential cryptocurrency expert has conveyed that a particular meme coin, which has recently surged in value, is anticipated to maintain its upward trend.</p>
  <p>During a fresh analysis session, the crypto strategist known anonymously as Altcoin Sherpa <a target="_blank" href="https://x.com/AltcoinSherpa/status/1799032053859860724" rel="noopener">informed</a> his audience of 217,000 on the social network X that the memecoin with the symbol MAGA (<a target="_blank" href="https://dailyhodl.com/currencies/maga/" rel="noopener">TRUMP</a>) is expected to rally significantly despite an initial decline.</spann>

  <p><em>“TRUMP: I still hold this coin in my portfolio, and it has recently declined to the .50 [Fibonacci retracement level]. I plan to bolster my position at this point. I remain optimistic on its prospects, especially with the election coming up and the media's continuous coverage of TRUMP. In my view, it's going to surge again later on.”</em></p>
  <figure id="attachment_190710" aria-describedby="caption-attachment-190710" class="wp-caption alignnone acss199ed"><amp-img data-hero="" src="https://pbs.twimg.com/media/GPdyBHgbIAABIkv?format=png&name=large" alt="Chart Image" width="1063" height="499" class="amp-wp-enforced-sizes" layout="intrinsic"><figcaption id="caption-attachment-190710" class="wp-caption-text">Source: Altcoin Sherpa/X</figcaption></figure>
  <p>According to the analyst's projections, TRUMP may ascend to a value of $18 by the end of June or early July. Presently, it trades at $12.43, having marginally risen in the last day. Back on October 7th, it was priced at a mere $0.0199, marking an overwhelming increase of 61,759% since then.</p>
  <p>The expert additionally referenced Notcoin (<a target="_blank" href="https://dailyhodl.com/currencies/notcoin/" rel="noopener">NOT</a>), another burgeoning cryptocurrency, <a target="_blank" href="https://x.com/AltcoinSherpa/status/1799031285127741925" rel="noopener">commenting</a> that it appears to be stabilizing into a consolidative pattern, rather than the volatile spikes that would suggest a peak has been reached.</p>
  <p><em> “NOT: My viewpoint has evolved. The market has stabilized and we're witnessing less fluctuation, which is promising. The formation seems to be a consolidation rather than erratic spikes, which typically indicate a climax.”</em></p>
  <figure id="attachment_190710" aria-describedby="caption-attachment-190710" class="wp-caption aligncenter acss199ed"><amp-img data-hero="" src="https://pbs.twimg.com/media/GPdxalGXcAAP0zH?format=png&name=4096x4096" alt="Chart Image" width="1063" height="499" class="amp-wp-enforced-sizes" layout="intrinsic"><figcaption id="caption-attachment-190710" class="wp-caption-text">Source: Altcoin Sherpa/X</figcaption></figure>
  <p>NOT's current trade price is $0.0215, which shows an upswing of more than 300% from its May 26th quote of $0.00527.</p>
  <p>Concluding his assessment, Altcoin Sherpa <a target="_blank" href="https://x.com/AltcoinSherpa/status/1798715210443944429" rel="noopener">recommends</a> that investors should focus on accruing "shitcoins" right through to Q4 of 2024, speculating that Bitcoin's (<a target="_blank" href="https://dailyhodl.com/currencies/bitcoin" rel="noopener" target="_blank">BTC</a>) market dominance will wane, potentially catalyzing a bullish behavior in altcoins.</p>
  <p><em> “It's advisable to gather these lesser-known coins from now until the latter part of Q4. It's tough to predict the exact timing, but I suspect that the ratio of altcoins to Bitcoin is likely to keep decreasing. However, once we reach Q4, I expect Bitcoin's dominance to fall and altcoins to shine.”</em></p>
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#Memecoin #Shot #Months #Berserk #Crypto #Trader