One closely followed cryptocurrency trader says he is looking to acquire more of the Solana (SOL)-based memcoin amid the market correction.
The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform A large language model for the truth station.
Altcoin Sherpa says it is looking to accumulate FARTCOIN even if it drops to $0.65.
“I’m filling up about $0.80 and getting close to my purchases. Total purchases = some at $1, more at $0.80, and I also moved some other purchases to $0.65 in case they come in. I want my average to be around 0.80 $ or less I still think this is a good meme and I hope he doesn’t pull a goat/act/etc after it’s included…
Honestly, I am a little afraid that this trade has too much consensus to be honest with me. They’re great memes and hit so many amazing narratives but they seem almost too obvious. But still it will be shot and added.”
At the time of writing, FARTCOIN is trading at $0.86, still within the trader’s accumulation zone.
Besides FARTCOIN, the trader names Two other altcoins are on his radar for potential upside. They include decentralized finance (DeFi) protocol Hyperliquid (HYPE) and ai16z (AI16Z) – which claims to be an AI agent-powered venture capital fund.
Altcoin sherpa too He believes Bullish conditions in cryptocurrencies will eventually come back to rescue traders now trapped amid a market downturn.
“If you are underwater, all you have to do is wait a few more weeks and you will be rescued by the market.”
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