Memecoins Set for a Comeback

A popular crypto strategist believes that memecoins will make a return after being down in recent months.

Pseudonymous trader Altcoin Sherpa shares his insights with his 244,300 followers on the social media platform X, stating that meme tokens will eventually take center stage as the crypto sector thrives on trader attention.

While Sherpa sees a resurgence for memecoins, he suggests that older tokens are more likely to lead the charge. One token he is keeping an eye on is Bonk (BONK), which is based on the Solana (SOL) network.

> “Most memes got smashed overall but I think that they’ll eventually come back to some degree. Memes by nature are attention driven but I do think that some of the more ‘Lindy’ ones will have a better chance. You probably just go off ecosystem. When SOL is hot, coins like BONK are going to be decent bets (along with some others like Fartcoin and WIF and others). BONK being down 85% from highs to lows probably makes it an ok bet down here (I have a bag of it).”

At the time of writing, BONK is valued at $0.000012.

Potential in PEPE

Another memecoin on Sherpa’s radar is the Pepe (PEPE) token, based on Ethereum (ETH).

> “Feels like PEPE is also around a bottom, too. PEPE obviously an ETH beta but it’s also a good one if BTC starts going wild in my opinion.”

According to Sherpa’s analysis, PEPE could either rally to a high of $0.000015 or drop to a new low of $0.000001 by 2025. Currently, PEPE is trading at $0.000007.

Source: Altcoin Sherpa/X