A widely followed cryptocurrency analyst and trader says one large-cap altcoin could go up by triple-digit percentage points “soon.”
The analyst, pseudonymously known as Kaleo, tells his 725,100 followers on X that Dogecoin (DOGE) could see a “face-melting move” back to the all-time high “soon enough,” potentially recording a 180% rally from the current level.
“Don’t sleep on the king of memes.”
Dogecoin is trading at $0.26 at time of writing, down by around 65% from the all-time high of around $0.73 reached in May of 2021.
Next up is Bitcoin (BTC). According to Kaleo, the crypto king could rally by around 315% from the current level and hit a price of $500,000. Based on Kaleo’s Bitcoin chart, it appears he is suggesting the crypto king could reach the price target somewhere around late 2026 to early 2027.
Bitcoin is trading at $120,363 at time of writing.
Kaleo also says the Bitcoin/gold ratio, defined as the price of one BTC relative to the price of one ounce of gold, is now on the cusp of a breakout after bouncing off a support level formed by an ascending trendline stretching all the way back to 2020.
“Only a matter of time before we see a rally like we did in 2017, except for unlike 2017 when Gold was chopping sideways – Bitcoin will be making new ratio all-time highs while Gold is incredibly bullish and ripping higher.
Welcome to the supercycle.”
An ounce of gold is trading at $3,885 at time of writing.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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 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.
Generated Image: Midjourney
