A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his insights on two other crypto assets.
The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus (GOAT).
Sherpa says he thinks GOAT could reach a market cap of $1 billion, a gain of over 85% from its current valuation of $539 million. But prior to any rallies, the trader sees the memecoin correcting to the $0.47 level.
“As I stated before, I believe on-chain takes a breather after the crazy run up and more attention will be to CEX (centralized exchange) coins.”
GOAT is trading at $0.552 at time of writing, up by 1,168% from the October 13th low of around $0.0435.
Next up is Bitcoin (BTC), which the analyst believes is headed to a new all-time high “within the next few…
