Trader Says Solana-Based Altcoin That’s Up Over 4x in a Week To Go Higher, Updates Outlook on Fantom and Ethena

A closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.

Pseudonymous analyst Altcoin Sherpa tells his 225,300 followers on the social media platform X that the market cap of Goatseus Maximus (GOAT) could soar more than 130% from its current value.

“GOAT: $500 million [market cap] next in my opinion. Still holding a big bag of this and will consider taking a bit of profit there.”

GOAT is trading for $0.2176 at time of writing, up more than 400% from its low of $0.0435 reached on October 13th. With a current market cap of $216,865,708, GOAT is the 276th largest crypto project.

Next up, the analyst is expressing longterm bullish sentiment on layer-1 blockchain Fantom (FTM). However, he warns FTM may decline below $0.71 in the near term.

“FTM looks decent to me still and I’m still holding a bag. Hoping it doesn’t go back within that trading range, but it’s looking somewhat likely at this point. More of a buy and hold bag for me.”

FTM is trading for $0.74 at time of writing, down 1% in the last 24 hours.

Lastly, the analyst says Ethena (ENA), a synthetic dollar protocol on Ethereum (ETH), could surge after bouncing off of a Fibonacci retracement level at $0.38.

“Currently long ENA at the .382 fib plus support/resistance level. Targeting low $0.40s.”

ENA is trading for $0.39 at time of writing, down more than 1.9% in the last 24 hours.

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The post Trader Says Solana-Based Altcoin That’s Up Over 4x in a Week To Go Higher, Updates Outlook on Fantom and Ethena appeared first on The Daily Hodl.