The cryptocurrencies whose value will increase significantly in the near future

Editor’s note: not financial advice!

The Flow Horse, a crypto industry analyst known for his timely predictions on altcoins, predicts that one of Dogecoin’s competitors, DOGE $0.10 Department Of Government Efficiency -0.17% Market capitalization $0.1 billion VOL. 24 hours $0.81 billion , will make a huge comeback after the crowd turns its attention to other virtual meme coins.

The crypto expert tells his 210,100 followers on social media platform X that he is betting on the dogwifhat (WIF) meme coin for the long term.

According to the top trader, WIF is likely to see sideways price action in the coming months, which he believes will prepare the meme token for significant growth in the second half of 2024.

At the time of writing, WIF is trading in the $ 2.40 range, down almost 9% over the past 24 hours.

The trader is also keeping a close eye on Ethena (ENA), a governance token launched by Ethena Labs for the project’s decentralized finance (DeFi) protocol. According to The Flow Horse, ENA is one of the fastest growing altcoins amid the current slump:

«Clearly, ENA is worth buying during liquidations.»

At the time of writing, ENA is trading at $ 1.06, up almost 18% from its 24-hour low of $ 0.90.