Trader Says ‘Strong First Move’ Incoming for Dogecoin Rival, Predicts Memecoin Could Rally by up to 75%

A widely followed crypto analyst says that a strong move is coming for one memecoin that could see it rally by up to 75%.

In a new thread, the pseudonymous crypto trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that if the artificial intelligence (AI)-based meme asset Fartcoin (FARTCOIN) can break out of its current range, it could find itself near the $0.70 level.

“If Fartcoin breaks out of this range, I expect it to have a strong first move, maybe up to the $0.70 area. 30 days of chop and still great mindshare.”

Source: Altcoin Sherpa/X

Sherpa goes on to note that Fartcoin should hit the $0.55-$0.65 price tag en route to his prediction of $0.70.

FARTCOIN is trading for $0.364 at time of writing, a 13.6% gain during the last 24 hours.

The analyst concludes by saying that if the crypto industry were to see a marketwide rally that sees Bitcoin (BTC) break above $90,000 once again, Fartcoin would be one of the best tokens to hold alongside layer-1 blockchain Hyperliquid (HYPE) and decentralized finance (DeFi) project Sonic (S).

“If the environment changes and we get a multiweek pump (hard to say if this happens; BTC would have to break $90,000 in my opinion), the coins you can probably consider holding for a bit are:

Fartcoin: (has held up well + insane volatility).

HYPE: Hyperliquid is still strong.

S: still lots of on-chain activity + chart solid.”

HYPE and S are trading for $14.62 and $0.248 at time of writing, respectively.

Generated Image: DALLE3

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