A widely followed cryptocurrency analyst is saying he’s bullish on a leading memecoin as he shares his outlook on two other digital assets.
Pseudonymous trader Altcoin Sherpa tells his 219,000 followers on the social media platform X that over the next six to 12 months, Dogecoin (DOGE) could hit a price of over $0.50, representing a potential gain of more than 275% from the current level.
“DOGE is a great coin to have but the returns aren’t going to be near the same as last cycle due to the market capitalization. Still, it’s a good one if you have huge size and still want to capture *some* of the meme mania.”
At time of writing, DOGE is trading at $0.133.
Next up is Bitcoin (BTC). According to the trader, Bitcoin “looks strong” after retesting resistance at around $65,000 into support.
“After that reaction, I think we go test the $70,000s.”
Bitcoin is trading at $67,730 at time of writing.
Turning to the payment protocol XRP, Altcoin Sherpa thinks the altcoin is bullish after rising above its resistance at $0.58.
“XRP looks pretty strong to be honest.”
Based on the trader’s chart, he seems to suggest that the next resistance level for XRP stands at $0.75.
XRP is trading at $0.597 at time of writing.
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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 affiliate marketing.
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