Updates Bitcoin Outlook, Says Memecoin, Which Has Increased 3000% in Nine Months, Is Still Looking Strong

According to a popular cryptocurrency expert, one meme asset that has had a 300x spike in less than a year is about to trigger another big rally.

Memecoin Popcat (POPCAT) appears very optimistic after breaking out its final genuine barrier at $1, according to pseudo-crypto trader Altcoin Sherpa's 223,600 followers on the social networking site X.

The trader claims that POPCAT is going to surge by more than 60% from where it is now.

You want to observe a continuation after a coin breaks out of the range. I still believe POPCAT has a good chance of succeeding, but it all depends on BTC.

To be honest, I wouldn't be shocked if it reached $2 or something.

The price of POPCAT has increased by more than 7% in the previous day, and it is now trading at $1.23. With a value of $0.00379 on January 5th, the meme asset saw increases of almost 324x.

Altcoin Sherpa, who tracks the market capitalization of all cryptocurrency assets, predicts that Bitcoin (BTC) will shortly "bounce hard" after what seems like a local bottom.

"We've returned. In my opinion, one of them will shortly cause Bitcoin to bounce significantly. The bottom is probably about to come.

The price of bitcoin has increased somewhat over the last day, and it is now trading at $62,131.

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