One crypto trader and analyst says the hot Solana (SOL)-based meme coin has further upside potential.
An analyst known by the pseudonym Altcoin Sherpa told his 11,300 YouTube subscribers that POPCAT could soon convert to support level at $1.
“One of the coins that I still think is very good is Popcat. I think this coin will break out of the $1 territory in a big way. I don’t know when. And then Bitcoin will collapse. Well, obviously not. But it still looks incredibly strong. And I still think the cats have caught up with the dogs a little bit in this cycle. , or anything like that.”
Source: Altcoin Sherpa/YouTube
Popcat is trading at $0.96 at the time of writing, an increase of over 18,000% since hitting a low of $0.00533 in January. With a current market capitalization of $944.2 million, Memecoin is the 80th largest crypto project.
The analyst then outlines one possible scenario for Bitcoin (BTC) in the coming months.
“In my opinion, nothing conclusive can be drawn from this price trend on shorter time frames. I believe that things are getting quite a bit better. However, even looking at I’m not surprised…we hit an even higher low (price) and went up again, but then we got choppy. And at some point in October or November, we had something like a multi-week chopfest for Bitcoin. Hold it and send it in full in December or January. That makes a lot more sense to me.”
Source: Altcoin Sherpa/YouTube
At the time of writing, Bitcoin is trading at $60,508.
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