Crypto Analyst Predicts 75%+ Rally for Top-10 Altcoin, Maps Path Forward for Bitcoin and One Ethereum Rival
Release: 2024/05/24 17:34 Reading: 830
Crypto Analyst Predicts Double-Digit Rally for Top 10 Altcoin, Charts Path Forward for Bitcoin and Ethereum Rival
A renowned cryptocurrency analyst and trader has projected a significant surge for a blue-chip altcoin.
The analyst, known pseudonymously as The Crypto Dog, shared his forecast with his 782,000 followers on the social media platform X. He predicts that Dogecoin (DOGE) could reach $0.30, representing a 78% increase from its current level, if Bitcoin (BTC) establishes a new all-time high.
"Feel pretty good about DOGE actually."
src="/uploads/20240524/1716545219665066c36322a.png">
Source: The Crypto Dog/X
Dogecoin, currently ranked ninth in terms of market capitalization, is trading at $0.169 at the time of writing.
Regarding Bitcoin, The Crypto Dog believes that the leading digital asset by market cap may be poised for another bullish cycle.
"We might be getting to the spot where you can hold BTC long for a few weeks into continual new highs.
Fingers crossed, it's been a while."
The analyst also assessed the Ethereum (ETH) competitor NEAR Protocol (NEAR). He suggests that the layer-1 blockchain is on the verge of surpassing its 22-month high of $9.10, set in June, representing a 15% appreciation from its current price.
"Not wrong, just early.
NEAR about to put in that move past new yearly highs"
src="/uploads/20240524/1716545219665066c36322a.png">
Source: The Crypto Dog/X
NEAR is trading at $7.91 at the time of writing.
The pseudonymous analyst further provided his perspective on the layer-1 blockchain Saga (SAGA). According to The Crypto Dog, SAGA may be nearing the end of a downtrend that commenced after reaching an all-time high of $7.89 in April, shortly after its initial listing.
"SAGA downtrend may be ending soon, one to watch."
src="/uploads/20240524/1716545219665066c36322a.png">
Source: The Crypto Dog/X
SAGA is trading at $2.28 at the time of writing, approximately 71% below its all-time high.
Source: https://thebittimes.com/crypto-analyst-predicts-75-rally-for-top-10-altcoin-maps-path-forward-for-bitcoin-and-one-ethereum-rival-tbt89513.html
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