A widely respected cryptocurrency analyst says a meme asset that has surged 300-fold in less than a year is on the verge of triggering another major rally.
Pseudonymous cryptocurrency trader Altcoin Sherpa told his 223,600 followers on social media platform
According to the trader, he sees POPCAT surging more than 60% from current levels.
“When a coin breaks out of a range, I want to see it continue. Of course, it will depend on BTC, but I think Popcat still looks strong.
To be honest, I wouldn’t be surprised if it costs around $2.”
POPCAT is trading at $1.23 at the time of this writing, up more than 7% in the last 24 hours. On January 5, the meme asset was valued at $0.00379, representing a gain of more than 324 times.
Altcoin Sherpa, which rose to become the top cryptocurrency asset by market capitalization, said Bitcoin (BTC) will soon “rebound strongly” and is likely to form a regional bottom.
“We are really back. For what it’s worth, I think BTC will bounce back strongly on one of these soon. “I think a bottom is forming.”
At the time of writing, Bitcoin is trading at $62,131, up slightly over the past day.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created: DALLE3