Analyst Predicts Significant Growth for Dogecoin and Ethereum
Release: 2024/05/25 07:13 Reading: 514
Analyst Predicts Significant Growth for Dogecoin and Ethereum
Renowned analyst Altcoin Sherpa has shared his latest insights on the smart contract platform Ethereum (ETH) and the memecoin Dogecoin (DOGE), predicting substantial growth for both.
Dogecoin's Potential to Reach $1
Altcoin Sherpa, a highly respected figure in the cryptocurrency space, has expressed his belief that Dogecoin could reach $1.
"Jeets might be selling you today, but in the end, we will send DOGE to 1 dollar, Kabosu. Thank you for your services."
Dogecoin has recently experienced a 2.5% increase, reaching $0.1634. Its market cap has surpassed $23.6 billion, while its 24-hour trading volume has exceeded $3 billion.
Ethereum's Bullish Outlook
Following his analysis of Dogecoin, Sherpa turned his attention to Ethereum, the market leader in terms of value. He believes that ETH still has a bullish outlook.
"ETH: the key level has been reached, but as long as everything is clear, we expect this level to be broken within a few weeks. Still bullish."
Ethereum is currently trading at $3,736, representing a 1.85% decrease over the past 24 hours. Its market cap has settled at $23 billion, reflecting a 48% drop.
PEPE's Potential to Outperform Dogecoin
Sherpa concluded his analysis by suggesting that PEPE, another memecoin, has the potential to rise more than Dogecoin.
"If you are looking for a long-term big meme coin, I think PEPE is a good one. Good liquidity, strong volume, I think this definitely catches up with others a bit. I'm not saying it will flip DOGE or anything else, but it should rise relatively more. Long in green boxes."
PEPE is currently trading at $0.00001417, having experienced a 6.45% drop in the past 24 hours. Earlier this week, the analyst noted PEPE's potential to outperform large-cap meme coins due to its buyer demand and trading volume.
Original Source: [COINTURK NEWS](https://cointurkenews.com/analyst-predicts-significant-growth-for-dogecoin-and-ethereum/)
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