A widely followed crypto analyst says that one popular memecoin is bound for an explosion.
Pseudonymous analyst Altcoin Sherpa tells his 254,000 followers on the social media platform X that the recently-popular memecoin Fartcoin (FARTCOIN) has room to grow.
“FARTCOIN’s ascent will be biblical
Hot air rises.”
According to Altcoin Sherpa, the Solana (SOL)-based altcoin has several important factors going for it.
“FARTCOIN checks several boxes:
– SOL beta (sol doing great)
-Meme of the cycle (memes run the hardest)
– AI (associated with GOAT)
-Most decentralized meme with insane volume and known by everyone? Billions.”
The analyst also predicts FARTCOIN will rise all the way to $10. The memecoin is trading for $0.805 at time of writing, down 1.5% on the day. A rise to $10 would represent a percentage increase of 1,150%.
Looking at king crypto Bitcoin (BTC), the pseudonymous analyst believes that the flagship cryptocurrency has already found its “local bottom.”
“BTC I still think the local bottom is in. We’ve spent 2 weeks chopping/consolidating down here. Bottoms aren’t just formed around a certain price; they’re formed with time spent in 1 area.
I think we can safely long anything above $112,000 personally. With that said, there’s going to probably be a lot of volatility this coming week with some macro events, so be careful. Still, I think we’re looking decent.”
Turning to SOL-rival Ethereum (ETH), the analyst sees reasons to believe that the leading smart contract platform is about to rally.
“ETH looks primed, in my opinion. Although I think that SOL is going to be a better bet in the mid term, I think that ETH still has plenty of upside.”
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