Popular crypto analyst remains optimistic regarding a memecoin which has already risen nearly 50x within three months.
Altcoin Sherpa, a pseudonymous cryptocurrency trader who goes by the name of Altcoin, believes that Fartcoin will continue to rise in value. However he does have some reservations.
I decided yesterday to reduce my position on Fartcoin and will be more patient from now on. It’s still an incredible meme, and I think it will go higher. But I’d like to see more chop and ensure it doesn’t have the same fate of the other memes who had Binance perpetual futures. The virtual and aixbt seem promising, but that seems to be a little different from this. “I’m going to watch, but I will add more later.”
Fartcoin was trading at $0.954 when this article was written. This 122nd-ranked cryptocurrency asset, based on market capitalization, is down almost 9% over the last 24 hours. However it has risen more than 3,750% in value since its launch in late October.
Altcoin sherpa also discusses his investment strategy in tokens that are based on artificial intelligence.
You just need to pick your horse. Concentration > Spraying and Praying and On-Chain> [centralized Exchange] Coins as well. Buy 5 on-chain baggies. Don’t buy 20 coins like FET, AR, WLD, etc.”
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