Trader Says Solana-Based Memecoin That’s up 49x in Under Three Months To Go Much Higher – But There’s a Catch

A well-liked crypto analyst remains to be optimistic a few new memecoin that’s already up practically 50x in lower than three months.

The pseudonymous dealer often called Altcoin Sherpa says that he thinks the Solana (SOL)-based memecoin Fartcoin (FARTCOIN) will nonetheless go up, however he notes that he has some considerations.

“I made a decision to decrease my measurement on this one yesterday and am going to be affected person with Fartcoin from right here on out. I nonetheless assume it’s a tremendous meme and it’s going to go a lot greater however I wish to see it chop round extra and ensure it doesn’t undergo the identical destiny as the opposite massive memes that simply had perpetual futures on Binance. Digital and aixbt are promising however I really feel like that’s a bit totally different than this. Going to look at however will think about including extra later.”

Fartcoin is buying and selling at $0.954 at time of writing. The 122nd-ranked crypto asset by market cap is down practically 9% prior to now 24 hours however up greater than 3,750% because it launched in late October.

Altcoin Sherpa additionally outlines his technique for investing in synthetic intelligence (AI) tokens.

“Most all crypto AI goes to do fairly nicely this cycle; you simply have to decide on your horses. Focus > spraying and praying and on-chain> [centralized exchange] cash as nicely, i.e. purchase 5 good on-chain baggage. Don’t purchase 20 cash like FET, AR, WLD, and many others.”

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