A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap Ethereum (ETH) competitor while outlining the path forward for the Goatseus Maximus (GOAT) memecoin.
Starting with the Ethereum rival, the analyst pseudonymously known as Sherpa tells his 228,300 followers on the social media platform X that Solana (SOL) is set to surge due to robust network activity.
“SOL: this one will clearly break all-time highs and this is predictable given all of the on-chain action the last two weeks.”
Solana is trading at $174 at time of writing and would need to rally by over 49% to surpass the all-time high price of $260 that was recorded in November of 2021.
Turning to GOAT, the pseudonymous analyst predicts that the memecoin that has exploded by around 15x in a few weeks will reach a fully diluted value of $1 billion, a gain of around 50% from the current $667.8 million.
According to Sherpa, GOAT will be an “interesting one to view” following the launch of the memecoin’s perpetual contract on Binance earlier this week.
“If you’re in this from earlier, I think it’s probably smart to take some profit with the Binance futures listing. This should create a bunch of volatility and I think that there are a lot of unknowns with it.”
GOAT is trading at $0.694 at time of writing.
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Generated Image: Midjourney