Trader Says Altcoin That’s Exploded 700%+ in Four Months Has More Upside, Updates Outlook on Bitcoin and Fartcoin

A widely followed crypto analyst says one altcoin that has skyrocketed over 700% in the last four months still has momentum while updating his outlook on Bitcoin (BTC) and Fartcoin (FARTCOIN).

In a new thread, pseudonymous crypto analyst Altcoin Sherpa tells his 253,000 followers on X that Pudgy Penguins (PENGU), the native asset of the Pudgy Penguins non-fungible token (NFT) collection, still has room to grow despite seeing massive gains earlier this year.

“I still like PENGU a lot, but not currently in an active position on it. Would love to buy around $0.025 but this current region is also still support.

Swing trade strategy might be to buy 1/3rd position here and 2/3rds position lower if it comes. This one still has more upside later on [in my opinion], but it might take some patience.”

Source: Altcoin Sherpa/X

PENGU is trading for $0.0305 at time of writing, a 2.2% decrease...

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