A cryptocurrency dealer and analyst says one red-hot Solana (SOL)-based memecoin could have much more upside potential.
The analyst pseudonymously often called Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) may quickly flip $1 right into a assist stage.
“One coin that I believe nonetheless seems fairly good is Popcat. I believe 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. However it nonetheless seems extremely robust. And I’m nonetheless of the opinion that cats catch as much as canines slightly bit this cycle. Don’t know what it’s going to appear 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 challenge.
Subsequent, the analyst outlines one potential 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 for my part on decrease timeframes. I do consider that issues do look fairly good. However it wouldn’t shock me in any respect to see… we hit one other increased 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 might make much more sense to me.”
Bitcoin is buying and selling for $60,508 at time of writing.
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