"Maybe there is hope, but not right now."
Cryptocurrency trader and analyst known as Altcoin Sherpa predicts that several memecoins will see a price increase in the near future if the position of Bitcoin (BTC) can hold.
Sherpa also said to his 194,000 followers on the social media platform Twitter that he thinks the price of altcoins including memecoin at this period is in a phase to jump higher.
Among the potential rising memecoins predicted by Sherpa are Dogecoin (DOGE), Floki Inu (FLOKI) and Shiba Inu (SHIB).
Now, DOGE jumped by 1.04% at $0.075 in the last 24 hours while FLOKI traded at $0.000034 and SHIB gained around 0.43% at $0.000010 with a market capitalization of $6 billion.
He also gave his views on Litecoin (LTC) mentioning that the digital asset is likely to rise at least 11% from the $90 level to over 100%.
In addition to memecoin and LTC, Sherpa said that BTC, which still cannot break the $29,000 price, could climb higher if the digital asset can break through the following level, which is a strong resistance zone.
As of now, BTC price has rallied over 3.79% to reach $28,632 in the last 24 hours with a market cap of $553 billion while LTC is seen slipping 0.09% at $90.42, but up 3.53% over the past week.
