Analyst Says One Memecoin Setting the Stage for Stronger Rally, Names Altcoin Presenting Opportunity After Dip

An analyst identified for making well timed altcoin calls says one Dogecoin (DOGE) rival will make an enormous comeback after the crowd takes their consideration elsewhere.

Pseudonymous analyst The Circulate Horse tells his 210,100 followers on the social media platform X that he’s long-term bullish on the memecoin dogwifhat (WIF).

Based on the high dealer, WIF will seemingly see sideways value motion in the coming months, which he thinks will put together the meme token for a giant upside transfer in the second half of 2024.

“I believe the canine goes to take off the hat for a bit.

Throughout each timeframe, WIF seems prefer it must see a vet. It in all probability ranges for a while, sufficient to get individuals transferring on and doubting its long-term place on this market (it stands with DOGE now, for my part)…

The subsequent pump is stronger although. I need to rebuy the summer time dip.”

Supply: TheFlowHorse/X

At time of writing, WIF is price $2.40, down practically 9% in the final 24 hours.

The dealer can be conserving a detailed eye on Ethena (ENA), a governance token launched by Ethena Labs for the mission’s decentralized finance (DeFi) protocol. Based on The Circulate Horse, ENA is considered one of the quickest altcoins to rise amid the present dip.

“Obviously, ENA the dip to buy during liquidations.” 

Supply: TheFlowHorse/X

At time of writing, ENA is buying and selling for $1.06, up practically 18% from its 24-hour low of $0.90.

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