A popular crypto analyst, Altcoin Sherpa, shared their thoughts on several cryptocurrencies, focusing on the potential for further growth.
Goatseus Maximus (GOAT) Still Has Legs
Sherpa believes the Solana-based memecoin, Goatseus Maximus (GOAT), has more room to run. Currently trading around $0.90, it’s already seen a massive 20x increase since October 13th. The analyst sees the current price range of $0.75-$1 as a good entry point for investors, predicting even higher prices ahead.
Pepe (PEPE) Back in the Game
Sherpa is also bullish on Pepe (PEPE), having recently bought back in after a price bounce. They reported a 12% gain on their investment, attributing their trading strategy to funding rates and technical analysis. PEPE is currently trading at $0.0000224, up 23.5% in the last 24 hours.
Dogecoin (DOGE): Steady Growth, But Limited Potential?
While Sherpa acknowledges Dogecoin (DOGE) as a strong memecoin and anticipates further gains, they caution that its large market cap might limit its potential for explosive growth compared to smaller memecoins. DOGE is currently trading at $0.39, up 3.3% in the last 24 hours. The analyst suggests that while DOGE could still see some gains, it’s unlikely to make anyone incredibly rich at its current market size.
Disclaimer: This information is for general knowledge and entertainment purposes only and does not constitute financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before making any investment decisions.
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