Trader Says Memecoin That’s Up Over 300x In Nine Months Still Looks Strong, Updates Outlook For Bitcoin

A broadly adopted crypto analyst says a meme asset that has seen a 300x surge in lower than a 12 months is poised to unleash one other main rally.

Pseudonymous crypto dealer Altcoin Sherpa tells With its 223,600 followers on the social media platform

Based on the dealer, he sees POPCAT rising greater than 60% from present ranges.

“As soon as a coin falls out of vary, you wish to see continuation. This may in fact rely upon BTC, however I feel POPCAT nonetheless appears to be like robust.

I would not be stunned if it ended up being $2 or one thing, to be trustworthy.”

POPCAT is buying and selling at $1.23 on the time of writing, up over 7% during the last 24 hours. On January 5, the meme asset was valued at $0.00379, which interprets to a acquire of over 324x.

We transfer on to a very powerful crypto asset by market cap: Altcoin Sherpa say he believes that Bitcoin (BTC) will quickly “bounce exhausting” and that it seems to be forming a neighborhood backside.

‘We’ll be proper again. For what it is value, I feel BTC will bounce exhausting on one among these quickly. I feel a backside is forming.”

Bitcoin is buying and selling at $62,131 on the time of writing, up fractionally over the previous day.

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