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Reading: Crypto Analyst Expects Bullishness for Solana and the Recently Popular Memecoin
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EdaFace Newsfeed > Latest News > Altcoin News > Crypto Analyst Expects Bullishness for Solana and the Recently Popular Memecoin
Altcoin News

Crypto Analyst Expects Bullishness for Solana and the Recently Popular Memecoin

vitalclick
Last updated: October 26, 2024 3:08 pm
5 months ago
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Contents
Prospects for SolanaAbout GOAT MemecoinBinance Effect

A cryptocurrency analyst and trader, Ethereum $2,472He predicts that ‘s rival Solana will surpass all-time highs soon. He also shares his positive expectations about memecoin Goatseus Maximus (GOAT). The analyst, known by the nickname Sherpa, expressed these views in his statements to his 228 thousand followers on the social media platform X.

Prospects for Solana

Sherpa stated that Solana will gain value due to strong network activity in the last two weeks. It is anticipated that this increase will strengthen Solana’s position in the market:

“LEFT: This coin will definitely surpass all-time highs, and this is predictable given the on-chain movements in the last two weeks.”

While SOL’s price is currently $174, it would need to rise over 49% to surpass the November 2021 high of $260.

About GOAT Memecoin

Goatseus Maximus (GOAT) memecoin attracted attention by increasing approximately 15 times in a few weeks. Analyst Sherpa expects GOAT’s fully diluted value to reach $1 billion, a 50% increase from the current level of $667.8 million:

“If you are in the early stage, it is probably wise to take some profits with the Binance futures contract listing. “This should create high volatility and create a lot of uncertainty.”

GOAT’s current trading price is recorded at $0.694.

Binance Effect

Listing GOAT as a perpetual contract on Binance may create high volatility in the market. This move may create uncertainties on the future of memecoin, as well as offer various opportunities to investors.

As activity continues in crypto markets, analysts’ predictions may be important for investors. Projects like Solana and GOAT have the potential to gain value through strong community support and listings on exchanges.

Solana’s increased network activities and GOAT’s listing on Binance may cause both cryptocurrencies to experience significant movements in the short term. Investors can follow these developments and determine their strategies accordingly.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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