A widely followed crypto analyst says that one top-10 altcoin will eventually see a 500% rise while updating his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE).
In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X that meme asset Dogecoin (DOGE) will eventually hit $1.
“Jeets might be selling you today but we will send DOGE to $1 eventually, Kabosu. Thank you for your services.”
Dogecoin is trading for $0.168 at time of writing, a 6.9% gain during the last 24 hours.
Moving on to the top altcoin, Sherpa says he’s still bullish toward the second-leading digital asset by market cap. The trader’s chart indicates that ETH will clear the $3,980 level within a few weeks.
“ETH: key level tapped but still expecting this level to break within a few weeks as long as everything gets cleared. Still bullish.”
Ethereum is trading for $3,728 at time of writing, a 1.5% decrease during the last day.
The trader concludes his analysis by saying that he believes PEPE is a good long play as far as meme assets go and should rise relatively more than DOGE.
“If you’re looking for a big cap meme to long, I think PEPE is a good one. good liquidity, strong volume, this one definitely catches up to the others a bit in my opinion. not saying it’ll flip DOGE or anything but should go up more relatively. long in the green boxes.”
PEPE is trading for $0.000014 at time of writing, a 5% decrease during the 24 hours. On February 19th, it was valued at $0.0000011.
Earlier this week, Sherpa noted that based on buyer demand and trading volume, PEPE has the potential to outperform large-cap meme assets.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in…
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