A famous analyst, whose name we often hear in the crypto world, draws attention to the potential of an altcoin and a Solana-based memecoin that investors overlook. Here are the details!

XRP Heading for Record Breaking

Renowned analyst Altcoin Sherpa believes that XRP will reach a new all-time high before the current market cycle ends. Using Fibonacci retracement levels to identify a strong support area for XRP, the analyst made the following assessment:

"XRP is not yet getting enough attention from crypto investors and is often overlooked. However, I think XRP will surpass its all-time high by the end of this cycle. $2 is still a good buy."

Currently, XRP is trading at $2.17, and experts say that the market has the conditions to support the rise of XRP.

There's Hope for Solana-Based Memecoin Popcat (POPCAT)

Altcoin Sherpa also shared positive views on the Solana-based memecoin Popcat (POPCAT). The analyst stated that this asset is nearing the end of a downtrend that has been going on for several weeks. Sherpa said:

"I think this is a relative bottom for POPCAT."

The analyst emphasized that investors should watch this asset carefully. POPCAT is currently trading at $0.798, and analysts predict that an upward movement may begin after this level. Memecoins based on the Solana ecosystem generally have high volatility in the short term, but in the long term, they have the potential to provide investors with significant profits.

Warnings and Opportunities for Project Sui (SUI)

Altcoin Sherpa also drew attention to another Solana competitor, the Sui (SUI) project. The analyst noted that the daily charts of SUI are showing bearish signals, but he also emphasized that the performance of this asset could rise contrary to what is seen on the charts. Sherpa warned:

"SUI continues to rise despite its current chart. Therefore, it can be dangerous to underestimate this asset."

The analyst noted that investors should not evaluate SUI based solely on short-term trends. SUI stands out as one of the notable projects in the crypto world with its innovative structure.