Trader Updates Outlook on Altcoin That’s Exploded Over 23,000% Year-to-Date, Outlines Bullish Target for Bitcoin
A closely followed crypto analyst is updating his outlook on a meme asset that has seen staggering gains during the last year. In a new strategy session, crypto trader Altcoin Sherpa tells his 222,900 followers on the social media platform X that Popcat (POPCAT), a memecoin that has skyrocketed 23,000% year-to-date, and other alts are looking bullish for the first time in months. “You can still see these market structure shifts in coins like POPCAT and many other shitcoins right now. The trend is bullish for the first time in months and you should be looking to buy dips on some of these.” Source: Altcoin Sherpa/X According to Sherpa, cat-themed memecoins will likely have some catching up to do against dog-themed memecoins this cycle. POPCAT is trading for $0.912 at time of writing, a 1.8% increase during the last 24 hours. On January 5th, POPCAT was valued at $0.000379, meaning it has grown 23,963% since, according to CoinGecko. Moving on Bitcoin (B...