A widely followed crypto analyst says that a strong move is coming for one memecoin that could see it rally by up to 75%.
In a new thread, the pseudonymous crypto trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that if the artificial intelligence (AI)-based meme asset Fartcoin (FARTCOIN) can break out of its current range, it could find itself near the $0.70 level.
“If Fartcoin breaks out of this range, I expect it to have a strong first move, maybe up to the $0.70 area. 30 days of chop and still great mindshare.”
Sherpa goes on to note that Fartcoin should hit the $0.55-$0.65 price tag en route to his prediction of $0.70.
FARTCOIN is trading for $0.364 at time of writing, a 13.6% gain during the last 24 hours.
The analyst concludes by saying that if the crypto industry were to see a marketwide rally that sees Bitcoin (BTC) break above $90,000 once again, Fartcoin would be one of the best tokens to hold alongside layer-1 blockchain Hyperliquid (HYPE) and decentralized finance (DeFi) project Sonic (S).
“If the environment changes and we get a multiweek pump (hard to say if this happens; BTC would have to break $90,000 in my opinion), the coins you can probably consider holding for a bit are:
Fartcoin: (has held up well + insane volatility).
HYPE: Hyperliquid is still strong.
S: still lots of on-chain activity + chart solid.”
HYPE and S are trading for $14.62 and $0.248 at time of writing, respectively.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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.
Generated Image: DALLE3
