Cryptocurrency markets closely follow an analyst who suggested that a Solana (SOL)-based meme token might be gearing up for another surge. The analyst also highlighted two different altcoins in their statements. Here are the details!
BOME and FIL
Known by the pseudonym Altcoin Sherpa, the cryptocurrency analyst shared on social media platform X that Book of Meme (BOME) could rise to $0.0190 before falling. The analyst stated:
BOME, will probably be a good choice to look for a short eventually. But I think it could rise a bit more at first.
BOME started trading at $0.000059 on March 14 and was trading at $0.0132, a gain of 22,273%, at the time the article was written. The analyst then shared his views on Filecoin (FIL), a peer-to-peer file storage network, after a recent drop. The analyst stated:
FIL, I think we are close to this bottom. I would look for the area from $7.50 to $7. We should still be extremely strong for 2024.
Filecoin was trading at $9.03, up about 5% in the last 24 hours, at the time the article was written.
Expectations for LDO
Lastly, the analyst mentioned that Lido DAO (LDO), a liquid staking service for the leading smart contract platform Ethereum (ETH) blockchain, has shown low performance in the current market cycle despite having strong project fundamentals. The analyst concluded their statements by emphasizing:
LDO: this always seems to be underperforming, not sure why. It is critical infrastructure with a lot of TVL (total value locked) and usage. Yet, it never seems to be as it should.
Lido was trading at $2.90, up about 12% in the last 24 hours, at the time the article was written.
