A cryptocurrency dealer and analyst says one red-hot Solana (SOL)-based memecoin could have much more upside potential.
The analyst pseudonymously referred to as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) may quickly flip $1 right into a assist stage.
“One coin that I feel nonetheless seems fairly good is Popcat. I feel this coin goes to interrupt the $1 space considerably. I don’t know when. And if Bitcoin shits the mattress, then clearly it’s not going to. Nevertheless it nonetheless seems extremely sturdy. And I’m nonetheless of the opinion that cats catch as much as canines just a little bit this cycle. Don’t know what it’s going to seem like or something like that.”
Popcat is buying and selling for $0.96 at time of writing, up greater than 18,000% since hitting a low of $0.00533 in January. With a present market cap of $944.2 million, the memecoin is the eightieth largest crypto mission.
Subsequent, the analyst outlines one attainable situation for Bitcoin (BTC) within the coming months.
“There’s actually no conclusive factor that we are able to take away from this value motion in my view on decrease timeframes. I do consider that issues do look fairly good. Nevertheless it wouldn’t shock me in any respect to see… we hit one other larger low [price], we grind again up however we chop round. And someday in October, November we hit some type of multi-week chop fest for Bitcoin after which we full ship in December, January. That may make much more sense to me.”
Bitcoin is buying and selling for $60,508 at time of writing.
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