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Home»Altcoins»Trader Doubles Down on Solana Memecoin, Says Crypto Markets Are Close to Saving Their Underwater Positions
Altcoins

Trader Doubles Down on Solana Memecoin, Says Crypto Markets Are Close to Saving Their Underwater Positions

December 31, 2024No Comments
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A closely followed crypto trader says he is looking to acquire more Solana-based memecoin (SOL) amid the market correction.

The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on social media platform » suggested by artificial intelligence (AI). ) large Truth Terminal language model.

Altcoin Sherpa says he is looking to accumulate FARTCOIN even if it falls to $0.65.

“I fill up a little about $0.80, which gets me closer to my purchases. Total purchases = some at $1, some at $0.80, and I also moved other purchases to $0.65 in case they arrived. I want my average to be around $0.80 or less, though. I still think it’s a good meme and hope it doesn’t make a fuss/act/etc after being listed…

Frankly, I’m a little afraid that this trade is a little too consensual to be honest. It’s a fantastic meme that touches many incredible stories, but it almost seems “too” obvious. But I’m still going to pull and add.

Picture
Source: Altcoin Sherpa/X

At the time of writing, FARTCOIN is trading at $0.86, still within the trader’s accumulation zone.

Besides FARTCOIN, the trader names two other altcoins on his radar for potential rallies. They include decentralized finance (DeFi) protocol Hyperliquid (HYPE) and ai16z (AI16Z) – which claims to be a venture capital fund staffed with AI agents.

Altcoin Sherpa also believes that bullish crypto conditions will eventually return to save traders who are now trapped amid the market downturn.

“If you are underwater, you just have to wait a few more weeks and you will be saved by the market.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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