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    Memecoin, which has surged over 27,000% in less than a year, shows tremendous strength, says trader, SYN forecast updated

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    One of the most closely followed cryptocurrency strategists believes that the red-hot memecoin may have even greater potential for growth.

    Altcoin Sherpa Analyst Who Works Under Pseudonym He says With 217,600 followers on the social media platform, PepeCoin (Babycoin) The price may return to a key level before resuming the uptrend.

    “PepeCoin is doing well right now, showing a lot of strength. It’s yet to be determined if this momentum will continue, but watch out for the 200-day EMA. $2.30 would be a good entry in the near term. I have a lot of money.”

    Source: Altcoin Sherpa/X

    PepeCoin is trading at $2.97 at the time of writing, a gain of over 27,000% since October 13, 2023 when it was valued at $0.01088.

    Next is the analyst. compare Synapse price chart (Sin), a protocol that aims to enable secure cross-chain communication, to the price chart of the smart contract platform Sui Network (Switzerland).

    He points out that SYN may form a similar SUI pattern and may rise soon as several exponential moving averages (EMAs) are trending higher on the 4-hour chart.

    “This is why I like SYN. ​​Here is a chart of SUI (replay) before compared to SYN now. One problem I see is that SUI has a fairly legitimate view and narrative; SYN is a poor bridge as there are a lot of better coins for it. The chart alone, I like SYN, but this may take some time…

    “I think other bridges might be a better trade. But this chart is good, so let’s wait and see.”

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    Source: Altcoin Sherpa/X

    SUI is trading at $1.01 at the time of writing, up over 19% in the last 24 hours. Meanwhile, SYN is trading at $0.61 at the time of writing, up 8.6% on the day.

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    Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.

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