A cryptocurrency dealer and analyst says one red-hot Solana (SOL)-based memecoin could have much more upside potential.
The analyst pseudonymously generally known as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) might quickly flip $1 right into a assist stage.
“One coin that I feel nonetheless appears to be like 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. But it surely nonetheless appears to be like extremely robust. And I’m nonetheless of the opinion that cats catch as much as canines somewhat bit this cycle. Don’t know what it’s going to appear to be 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 challenge.
Subsequent, the analyst outlines one doable state of affairs for Bitcoin (BTC) within the coming months.
“There’s actually no conclusive factor that we will take away from this worth motion for my part on decrease timeframes. I do consider that issues do look fairly good. But it surely wouldn’t shock me in any respect to see… we hit one other greater low [price], we grind again up however we chop round. And someday in October, November we hit some kind of multi-week chop fest for Bitcoin after which we full ship in December, January. That might make much more sense to me.”
Bitcoin is buying and selling for $60,508 at time of writing.
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