Trader Highly Bullish on Altcoin That’s Up Over 1,100% in Under a Month, Updates Outlook on Bitcoin and Ethereum

A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana ( SOL ) ecosystem while offering his insights on two other crypto assets.

The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus ( GOAT ).

Sherpa says he thinks GOAT could reach a market cap of $1 billion, a gain of over 85% from its current valuation of $539 million. But prior to any rallies, the trader sees the memecoin correcting to the $0.47 level.

“As I stated before, I believe on-chain takes a breather after the crazy run up and more attention will be to CEX (centralized exchange) coins.” 

GOAT is trading at $0.552 at time of writing, up by 1,168% from the October 13th low of around $0.0435.

Next up is Bitcoin ( BTC ), which the analyst believes is headed to a new all-time high “within the next few months.”

The pseudonymous analyst adds that Bitcoin is likely gearing up for recovery after hitting a key support level.

“Next areas up got hit. I still think bounce soon for BTC.”

Bitcoin is trading at $69,817 at time of writing.

As for Ethereum, the widely followed analyst says that over the near term, ETH is likely to experience a false breakout and then fall to around the $2,400 level where it will undergo a consolidation phase.

“Should break out once Bitcoin does though (but ETH/BTC will still underperform until BTC is done with its run).”

Ethereum is trading at $2,512 at time of writing.

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