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.” 

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.”

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).”

Ethereum is trading at $2,512 at time of writing.

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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.