Trader Increases Investment in Solana-Based Memecoin, Predicts Crypto Market Rally Will Revive Depreciated Holdings

A well-known cryptocurrency trader has voiced his intention to increase his holdings in a memecoin that’s part of the Solana ecosystem, despite the recent market downturn. The trader, who goes by the pseudonym Altcoin Sherpa, has conveyed to his 236,000 followers on social media site X that he is closely monitoring Fartcoin, a memecoin borne from an anonymous developer’s idea that arose from the AI language model Truth Terminal’s concept of the “ideal memecoin.”

Altcoin Sherpa is prepared to buy more FARTCOIN even if its price dips to the $0.65 mark.

“Currently, I’m aiming to buy near $0.80. My purchasing strategy involves getting some at $1, more at $0.80, and I’ve set aside more to buy at $0.65 in case the opportunity arises. I’m aiming for an average purchase price of $0.80 or less. I believe it has all the makings of a successful meme and I’m hoping it doesn’t experience a downfall similar to other coins after their listings…

I do have some reservations because this trade seems almost too universally agreed upon. While it is an excellent meme and taps into many powerful narratives, it’s almost too good to be true. Nonetheless, I’m committed to this move and plan to continue adding to my position,” he explained.

At the time of this article, FARTCOIN is priced at $0.86, which falls into the trader’s desired price range for acquisition.

Beyond FARTCOIN, he also identifies two other cryptocurrencies that he believes may experience significant upward movements. These include Hyperliquid, a decentralized finance (DeFi) platform (HYPE), and ai16z (AI16Z), which is purportedly a venture capital fund operated by AI agents.

Moreover, Altcoin Sherpa projects that the bullish phase in the crypto market will soon return, potentially rescuing investors who are currently experiencing losses due to the market correction.

“If you’re currently at a loss, just hang tight for a few more weeks, and you should see your fortunes reverse with the anticipated market recovery,” he suggests.

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