An influential cryptocurrency analyst and trader is showing optimism towards a major Ethereum (ETH) competitor and discussing the future outlook for the Goatseus Maximus (GOAT) memecoin.
In regards to the Ethereum rival, the analyst known as Sherpa, who has a large following on the social media platform X, believes that Solana (SOL) is poised for a significant increase in value due to its strong 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.”
Currently, Solana is priced at $174 and would need to increase by over 49% to surpass its previous all-time high of $260 in November 2021.
Shifting focus to GOAT, the analyst predicts that the memecoin, which has experienced a rapid surge in value recently, will reach a fully diluted market cap of $1 billion, marking a 50% increase from its current value of $667.8 million.
According to Sherpa, the launch of GOAT’s perpetual contract on Binance this week will make it an “interesting one to watch.”
“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.”
Currently, GOAT is trading at $0.694.
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Generated Image: Midjourney
