A high-profile analyst whose reputation in the crypto space continues to rise amid his sharp altcoin calls is saying that Dogecoin (DOGE) is not yet done printing gains.
In a new tweet, the crypto strategist known as Kaleo tells his 201,800 followers that he envisions DOGE meteorically rising by over 315% from its current price of $0.36.
“DOGE is far from done. The DOGE fractal from one penny to $0.08 overlaid on top of the current move would have the price top out slightly over $1.00.”
Kaleo is also looking at Dogecoin’s trajectory against Bitcoin (DOGE/BTC). According to the crypto strategist, he expects the coin, which started as a joke in 2013, to climb nearly 100% against BTC from 0.00000573 to 0.00001150.
“DOGE/BTC perfect so far compared to the last major move’s fractal. KEEP SENDING.”
Prior to his bullish calls on DOGE, the crypto strategist revealed that he made a bet on the red-hot crypto asset.
“I can’t fight it anymore. I bought some DOGE for the culture. Send it to $1.00.”
The Shiba-Inu inspired coin continues to send shockwaves through the cryptoverse after it ignited a parabolic ascent that sent it from a low of $0.06 on April 11th to an all-time high of $0.43 on April 16th, representing gains of over 616% in less than a week. At time of writing, DOGE is the sixth-largest coin by market cap with a valuation of $46.95 billion, according to CoinMarketCap.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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 loses 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 affiliate marketing.
Featured Image: Shutterstock/Lichtflut