Crypto Trader Predicts Significant Surge for Two Meme Tokens, Excludes Dogecorrect and Shiba Inu from the List

A prominent cryptocurrency analyst predicts a significant uptick in the value of two meme-based digital assets, Pepe (CRYPTO: PEPE) and Pepe Coin.

Recent Developments: The crypto trading pundit known as Altcoin Sherpa has recently revealed his optimistic stance on Pepe and Pepe Coin on platform X. He foresees a potential short-term retracement but remains confident that their value will climb substantially in the following months.

$PEPE both of these probably pullback in the short term but I’m still of the belief that they will both be much higher in the coming months. I have both
pic.twitter.com/cAFwlZBgw8

— Altcoin Sherpa (@AltcoinSherpa)
May 31, 2024

Analysis from the daily charts by Altcoin Sherpa implies that Pepe may reevaluate its support point at $0.00001084. Presently, Pepe’s market price is at $0.00001506.

According to the predictions for Pepe Coin charted by the trader, there could be a downturn after it confronts a ceiling at the $5.50 mark. At the moment, Pepe Coin is valued at $5.31, a nearly 3% drop as of today.

Furthermore, this cryptocurrency strategist has also conveyed his long-range optimism for Render (CRYPTO: RNDR), the proprietary currency of the decentralized graphics processing unit (GPU) rendering blockchain. He has recommended employing a dollar-cost averaging method for RNDR, currently trading around $10.06 with a modest uptick in the previous day.

$RNDR not really a great active trade but more 1 you just buy it and DCA if it goes lower. AI coins haven’t done super well the last week but it makes sense for them to cool a bit. Still bullish on this 1 for the cycle though
pic.twitter.com/U9j4Eq6TkK

— Altcoin Sherpa (@AltcoinSherpa)
May 30, 2024

Further Reading: Crypto Analyst Forecasts a 260% Surge for This Altcoin in 2024, Excluding Dogecoin and Shiba Inu

Significance of the Predictions

The crypto community is keenly observing meme coins like Pepe and Pepe Coin due to their infectious popularity and user-driven expansion.

The prognostications by Altcoin Sherpa are specially noted as the marketplace looks to these cryptos for potentially lucrative returns. Pepe’s recent price hike is in step with meme coins’ tendency for swift value changes, often arising from social media fervor and conjectural trades.

Contrastingly, the current ceiling for Pepe Coin and its prospective descent underscores the unpredictability of meme coins. Market participants are encouraged to proceed with caution and consider enduring investment strategies like dollar-cost averaging, as advised by Altcoin Sherpa for RNDR. 

The affirmative vision for Render (RNDR) also accentuates the increasing curiosity in decentralized solutions and their potential applications.

Being the native cryptocurrency of a decentralized GPU rendering blockchain network, the fate of RNDR could signal more extensive directional trends within the blockchain and cryptocurrency domains.

Also Check Out: Crypto Analyst Anticipates Pepe Coin’s Breakout as Its Price Escapes Bearish Trajectory

This content is produced with contributions from Benzinga Neuro, and has been reviewed and published by Benzinga’s editorial team.

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