A popular crypto analyst is still bullish on a memecoin that has already been ripped by over 4,000% in two months.
The pseudonymous trader known as Altcoin Sherpa tells his 236,500 followers on social media platform
“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.
FARTCOIN is trading at $0.81 at the time of writing. The crypto asset ranked 136th by market capitalization is down more than 11% over the past 24 hours, but up around 4,000% over the past two months. The memecoin was launched at the end of October.
Altcoin Sherpa says there is a catch, however.
“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.
Regarding Ethereum (ETH), the analyst says he is still uncertain.
“ETH is the gateway to the alt season, but there is no real clarity on this…yet. If BTC breaks above the high or low range, I suspect it will go down. Patience for now.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
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.
Image generated: halfway
