Trader Highly Bullish on Altcoin That’s Up Over 1,100% in Under a Month, Updates Outlook on Bitcoin and Ethereum
A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana ( SOL ) ecosystem while offering his insights on two other crypto assets.
The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus ( GOAT ).
Sherpa says he thinks GOAT could reach a market cap of $1 billion, a gain of over 85% from its current valuation of $539 million. But prior to any rallies, the trader sees the memecoin correcting to the $0.47 level.
“As I stated before, I believe on-chain takes a breather after the crazy run up and more attention will be to CEX (centralized exchange) coins.”
Source: Altcoin Sherpa/X
GOAT is trading at $0.552 at time of writing, up by 1,168% from the October 13th low of around $0.0435.
Next up is Bitcoin ( BTC ), which the analyst believes is headed to a new all-time high “within the next few months.”
The pseudonymous analyst adds that Bitcoin is likely gearing up for recovery after hitting a key support level.
“Next areas up got hit. I still think bounce soon for BTC.”
Source: Altcoin Sherpa/X
Bitcoin is trading at $69,817 at time of writing.
As for Ethereum, the widely followed analyst says that over the near term, ETH is likely to experience a false breakout and then fall to around the $2,400 level where it will undergo a consolidation phase.
“Should break out once Bitcoin does though (but ETH/BTC will still underperform until BTC is done with its run).”
Source: Altcoin Sherpa/X
Ethereum is trading at $2,512 at time of writing.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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