A popular crypto analyst thinks a memecoin called Popcat (POPCAT) is about to explode. Popcat has already seen a massive 300x increase in price over the past nine months, and the analyst thinks it could jump another 60% from its current price.
Popcat on the Rise
Popcat is currently trading at $1.23, up over 7% in the last 24 hours. The analyst, known as Altcoin Sherpa, says he’s bullish on Popcat because it broke through a key resistance level at $1. He thinks it could easily hit $2.
“Once a coin breaks out of its range, you want to see it keep going,” said Sherpa. “Of course, this depends on Bitcoin, but I think Popcat is still looking strong.”
Bitcoin Bouncing Back?
Sherpa also thinks Bitcoin (BTC) is about to bounce back after a recent dip. He sees the current price as a potential bottom and expects a strong rebound soon.
“We’re back,” said Sherpa. “I think Bitcoin is going to bounce hard soon. I think a bottom is forming.”
Bitcoin is currently trading at $62,131, slightly up from yesterday.
Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrency.
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