Crypto Trader Bets Big on Memecoin, Predicts Market Rebound

A popular crypto trader, known as Altcoin Sherpa, is doubling down on a Solana-based memecoin called Fartcoin (FARTCOIN). He’s buying more even though the market’s been down.

All In on Fartcoin?

Sherpa, who boasts a huge following on X (formerly Twitter), shared his strategy. He’s aiming to buy FARTCOIN at around $0.80, even considering dropping to $0.65 if necessary. He admits it might be a risky move, saying the hype around the coin is almost too obvious. But he’s still buying, hoping it doesn’t crash. At the time of writing, FARTCOIN is trading slightly above his target price.

Other Crypto Picks

Besides FARTCOIN, Sherpa also highlighted two other cryptocurrencies he’s watching:

  • Hyperliquid (HYPE):
    A decentralized finance (DeFi) protocol.
  • ai16z (AI16Z): A venture capital fund that uses AI.

Market Rebound on the Horizon?

Sherpa believes the crypto market is about to bounce back. His advice to those currently holding losing positions? “Just wait a few weeks, the market will save you.”

Disclaimer:
This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money./p>