Analyst Claims Altcoin Surging Over 18,000% Since Start of Year Appears Exceptionally Robust, Provides Latest Bitcoin Forecast

An expert in the trading and analysis of cryptocurrencies suggests that a rapidly trending memecoin based on Solana (SOL) could have additional growth prospects.

A notable figure in the altcoin space, who operates under the alias Altcoin Sherpa, informs his audience of 11,300 on YouTube that the memecoin Popcat (POPCAT) is potentially on its way to establishing $1 as a support barrier.

“Popcat is one which I believe still has strong momentum. It’s poised to surge past the $1 point in a significant manner. The timing is unclear. Naturally, if Bitcoin takes a downturn, Popcat might not meet expectations. However, for now, it exhibits formidable strength. My current perspective is that felines may somewhat outpace canines in this market cycle. The specifics remain to be seen.”

At the moment, Popcat’s value is $0.96, representing an increase of over 18,000% from its January low of $0.00533. Currently placed as the 80th top crypto initiative, Popcat boasts a market capitalization of $944.2 million.

The same analyst also presents a potential future outcome for Bitcoin (BTC).

“The recent price fluctuations don’t offer any clear conclusions, especially on shorter timeframes. Overall, the outlook remains positive. Nonetheless, I wouldn’t be surprised if we encounter another slight dip in price followed by a gradual recovery, leading to a protracted period of sideways movement around October or November, preceding a strong upswing in December or January. This sequence seems more plausible to me.”

Bitcoin’s current trading price rests at $60,508.

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Disclaimer: Views expressed on The Daily Hodl do not constitute investment advice. Investors should perform their own due diligence when considering investments in Bitcoin, cryptocurrency, or digital assets. All trading and transfers are the risk of the investor, and any resulting losses are solely the individual’s responsibility. The Daily Hodl is not an investment advisor and engages in affiliate marketing.

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