An influential cryptocurrency analyst is expressing optimism about a popular memecoin while sharing insights on two other digital assets.
Crypto trader Altcoin Sherpa, known for his market analysis, predicts that Dogecoin (DOGE) could potentially reach over $0.50 in the next six to 12 months, marking a significant increase of more than 275% from its current price.
“DOGE remains a solid investment, although the returns may not be as high as in previous cycles due to its market cap. It’s still a good choice for investors looking to capitalize on the meme frenzy.”
Currently, DOGE is trading at $0.133.
Altcoin Sherpa also shares positive sentiments about Bitcoin (BTC), noting that the cryptocurrency appears strong after successfully testing the $65,000 resistance level and converting it into support.
“Following this development, I anticipate a move towards the $70,000 range.”
Bitcoin is currently priced at $67,730.
Regarding XRP, Altcoin Sherpa believes the altcoin is in a bullish trend after surpassing the $0.58 resistance level.
“XRP is showing significant strength at the moment.”
Based on the trader’s analysis, the next hurdle for XRP appears to be at $0.75.
XRP is currently trading at $0.597.
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