A widely followed crypto analyst says a meme asset that has seen a 300x surge in less than a year is poised to unleash another major rally.
Pseudonymous crypto trader Altcoin Sherpa tells With its 223,600 followers on the social media platform
According to the trader, he sees POPCAT rising more than 60% from current levels.
“Once a coin falls out of range, you want to see continuation. This will of course depend on BTC, but I think POPCAT still looks strong.
I wouldn’t be surprised if it ended up being $2 or something, to be honest.”
POPCAT is trading at $1.23 at the time of writing, up over 7% over the last 24 hours. On January 5, the meme asset was valued at $0.00379, which translates to a gain of over 324x.
We move on to the most important crypto asset by market cap: Altcoin Sherpa say he believes that Bitcoin (BTC) will soon “bounce hard” and that it appears to be forming a local bottom.
‘We’ll be right back. For what it’s worth, I think BTC will bounce hard on one of these soon. I think a bottom is forming.”
Bitcoin is trading at $62,131 at the time of writing, up fractionally over the past day.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: DALLE3