A cryptocurrency analyst and dealer is leaning bullish on a memecoin that launched earlier this month.
The analyst pseudonymously generally known as Sherpa tells his 11,300 YouTube subscribers that the Goatseus Maximus (GOAT) memecoin is “going to go a lot greater.”
Designed as a memecoin on the Solana (SOL) blockchain, GOAT is in an rising area of interest of memecoins that depend on viral content material and group engagement to popularize themselves whereas being promoted by synthetic intelligence (AI) bots.
“…they’re the strongest as a result of GOAT was the primary of its sort. It got here out the strongest, it’s going to be the presumed chief of this class. Now whether or not or not folks really perceive it, perceive the framing of those cash, that’s one other story.”
Based on Sherpa, GOAT is prone to bear a correction earlier than surging greater.
“I imagine will proceed chopping round, which is completely positive – it went from 0 to $500 million market cap in per week. It wouldn’t shock me in any respect to see some extra like consolidation like this and possibly even one other poke on the $0.27 mark. This might be a fairly first rate space [around $0.27 to $0.38] to purchase.”
The pseudonymous analyst says a consolidation part for GOAT would improve the possibilities of a extra sustainable rally.
“I want to see some consolidation for this coin. I need to see some chop, I need to see… … [GOAT] construct a much bigger base and simply calm down for like per week. That might be fairly superior to see.”
Goatseus Maximus is buying and selling at $0.74 at time of writing, up by round 1,540% from the October 13 low of $0.0435.
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