A closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.
Pseudonymous analyst Altcoin Sherpa tells his 225,300 followers on the social media platform X that the market cap of Goatseus Maximus (GOAT) could soar more than 130% from its current value.
“GOAT: $500 million [market cap] next in my opinion. Still holding a big bag of this and will consider taking a bit of profit there.”
GOAT is trading for $0.2176 at time of writing, up more than 400% from its low of $0.0435 reached on October 13th. With a current market cap of $216,865,708, GOAT is the 276th largest crypto project.
Next up, the analyst is expressing longterm bullish sentiment on layer-1 blockchain Fantom (FTM). However, he warns FTM may decline below $0.71 in the near term.
“FTM looks decent to me still and I’m still holding a bag. Hoping it doesn’t go back within that trading range, but it’s looking somewhat likely at this point. More of a buy and hold bag for me.”
FTM is trading for $0.74 at time of writing, down 1% in the last 24 hours.
Lastly, the analyst says Ethena (ENA), a synthetic dollar protocol on Ethereum (ETH), could surge after bouncing off of a Fibonacci retracement level at $0.38.
“Currently long ENA at the .382 fib plus support/resistance level. Targeting low $0.40s.”
ENA is trading for $0.39 at time of writing, down more than 1.9% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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