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In the world of cryptocurrencies, especially after March, two different areas experienced a truly crazy period. One of these was in meme coins, while the other involved projects on the TON network that distributed tokens by playing games through bots. Although March was the peak period, a meme coin that emerged 8 months ago caught significant attention in the market and rose to the level of $17. An important market analyst also highlighted this meme coin.
Will TRUMP Coin Rise?
One of the notable analysts in the market, Altcoin Sherpa, made important statements once again on the social media platform X. In his statements, he mentioned that despite a price pullback, the Donald Trump-themed MAGA (TRUMP) would “go crazy.”
TRUMP: This is still one of my investments, and it pulled back to the 0.50 (fibonacci level). I think I will add to my position here. With the general narrative leading up to the election, it is still on the rise, and TRUMP will be frequently talked about by mainstream media. I think this will go crazy later.
The investor’s chart suggests that TRUMP could reach a price level of $18 by the end of June or early July. TRUMP surged to $12.75 recently after Donald Trump declared himself the president of cryptocurrencies.
This means a 9% increase within 24 hours. On October 7, TRUMP’s price was $0.0199, indicating a massive growth of 61,759% since then.
NOT Coin Comments
The analyst also mentioned Notcoin (NOT), one of the standout projects of recent months, and shared that it has a model indicating a peak.
NOT: Since then, I have changed my mind. The price movement has calmed down with much less volatility. I think it looks much better now – you can see more of a consolidation pattern rather than big increases in either direction (this is more indicative of a peak).
NOT experienced an increase of over 300% from the price level of $0.00527 on May 26. Despite this, it continues to trade at $0.0185 after a 12% drop at the time of writing.
Altcoin Sherpa emphasized the time when Bitcoin’s (BTC) dominance level would decrease, pointing to the 4th quarter of 2024, and recommended accumulating meme coins until then.
From now until the end of the 4th quarter, you should probably accumulate shitcoins. It’s hard to say what the timing will be, but I think most altcoin/BTC pairs will continue to drop. However, when the 4th quarter arrives, I expect BTC.d to fall and see some alt action.
