A closely followed crypto strategist believes one red-hot Solana (SOL)-based memecoin could be gearing up for another move to the upside.
Pseudonymous analyst Altcoin Sherpa tells his 212,000 followers on the social media platform X that the Book of Meme (BOME) may rally to the $0.0190 level before dipping.
“BOME: probably going to be a good one to look for shorts eventually. I think this could go a bit higher first though.”
BOME opened trading on March 14th at $0.000059 and at time of writing is trading for $0.0132, a 22,273% gain.
Next up, the trader is turning bullish on peer-to-peer file storage network Filecoin (FIL) after a recent dip.
“FIL: I think this is near bottomed. Would look for the $7.50 area all the way down to $7. Still should be extremely strong for 2024.”
Filecoin is trading for $9.03 at time of writing, up nearly 5% in the last 24 hours.
Lastly, the trader says that Lido DAO (LDO), a liquid staking service for the Ethereum (ETH) blockchain, has been underperforming in the current market cycle so far despite having strong project fundamentals.
“LDO: this one always seems to underperform, not sure why. It’s critical infrastructure and has so much TVL (total value locked) and usage. Still, it never seems to moon like it should.”
Lido is trading for $2.90 at time of writing, up nearly 12% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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