A widely followed cryptocurrency analyst and trader is optimistically leaning on a large-cap Ethereum (ETH) competitor as he outlines the path forward for the Goatseus Maximus (GOAT) memecoin.
Starting with the Ethereum rival, the analyst under the pseudonym Sherpa tells its 228,300 followers on social media platform X, Solana (SOL) is expected to rise thanks to robust networking activity.
“SOL: This will clearly break all-time highs and this is predictable given all the on-chain action over the last two weeks.”
Trading at $174 at the time of writing, Solana would need to rise more than 49% to surpass its all-time high of $260 recorded in November 2021.
As for GOAT, the pseudonymous analyst predicts that the memecoin, which has exploded by about 15x in a few weeks, will reach a fully diluted value of $1 billion, a gain of about 50% from the current $667.8 million.
According to for Sherpa, GOAT will be “interesting to watch” after the launch of the memecoin perpetual contract on Binance earlier this week.
“If you’ve been at this before, I think it’s probably smart to take some profits with the Binance futures listing. This should create a lot of volatility and I think there is a lot of uncertainty associated with it.”
GOAT is trading at $0.694 at the time of writing.
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Generated image: Midjourney
