One prominent cryptocurrency analyst remains bullish on Memcoin, which has already fallen more than 4,000% in two months.
A pseudonymous trader known as Altcoin Sherpa tells his 236,500 followers on social media platform
“I’m getting close to buying, having filled around $0.80. Total purchases = Some purchases moved to $1, additional purchases moved to $0.80, and others moved to $0.65. Still, I hope the average stays below $0.80. I still think this is a good meme, and I hope it doesn’t attract goats/acts/etc after it gets listed.”
FARTCOIN is trading at $0.81 at the time of this writing. The 136th-largest cryptocurrency asset by market cap is down more than 11% in the last 24 hours, but is up about 4,000% over the past two months. MEMCOIN was launched at the end of October.
But Altcoin Sherpa says there is a problem.
“To be honest, I’m a little afraid that this deal is too consensual. It’s a fantastic meme and tells a lot of amazing stories, but it almost seems ‘too’ obvious. But we will still fire and add to it.”
When it comes to Ethereum (ETH), analysts say there is still uncertainty.
“ETH is the gateway to alt season, but it is not yet clear. I think this will go lower if BTC breaks out of its high or low range. “Please bear with me for now.”
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