Crypto Analyst Predicts Future Meme Coin Gains

Crypto analyst Altcoin Sherpa has addressed whether the crypto market will see another meme coin supercycle like Dogecoin and others did in 2021. He is optimistic but believes the next surge will differ from what many expect.

Altcoin Sherpa shared on X (formerly Twitter) that a meme coin supercycle is likely, but it won’t resemble Shiba Inu’s 2021 run. Shiba Inu achieved an unprecedented 46,000,000% price increase during the 2021 bull run. However, the analyst argues the market is now too dispersed for such dramatic gains. He noted that the market hasn’t seen a similar rise since 2021 and may not again. The abundance of meme coins makes it harder for any single coin to soar like Shiba Inu did.

Altcoin Sherpa pointed out that attention and liquidity are now spread across many coins, unlike in 2021 when they were concentrated. This dispersion means individual coins may pump, but sector-wide surges are less likely. He also believes the market won’t see the same kind of rises from sectors like Solana, LUNA, and Avalanche.

While another Shiba Inu-like surge may not happen, Altcoin Sherpa believes meme coin traders will see several mid-cap coins perform well. He predicts about 15 coins could achieve a 10x gain, while a few might see a 50x rally. There will still be significant gains, but they will be spread out rather than concentrated on a few coins.

Altcoin Sherpa encourages investors to keep some exposure to the meme coin sector as he believes there will still be great gains. He noted that investors could find a meme coin that fits their risk profile. For instance, Dogecoin and Shiba Inu are suitable for “big whales” due to their limited upside. Meanwhile, coins like PEPE, Dogwifhat, and BONK cater to those with strong liquidity seeking more upside.

The analyst also mentioned that investors could look into mid-cap meme coins, some of which he believes will reach multi-billion market caps. He sees potential in these coins for significant gains, even if they don’t replicate the 2021 supercycle.

While market dynamics have changed since 2021, Altcoin Sherpa remains optimistic about the potential for meme coin gains. He advises investors to stay involved in the sector, as there are still opportunities for significant returns. The key takeaway is that while the dramatic rises of 2021 may not repeat, there is still plenty of potential in the meme coin market for those who choose their investments wisely.