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

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

In accordance with the highest dealer, WIF will doubtless see sideways value motion within the coming months, which he thinks will put together the meme token for a giant upside transfer within the second half of 2024.

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

Throughout each timeframe, WIF appears prefer it must see a vet. It most likely ranges for a while, sufficient to get individuals shifting 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 wish to rebuy the summer season dip.”

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

The dealer can also be preserving a detailed eye on Ethena (ENA), a governance token launched by Ethena Labs for the undertaking’s decentralized finance (DeFi) protocol. In accordance with The Movement Horse, ENA is likely one of the quickest altcoins to rise amid the present dip.

“Clearly, ENA the dip to purchase throughout liquidations.” 

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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