Altcoins
Trader Says Top 10 Altcoins Are Poised to Rise 500% “Eventually,” Updates Outlook on Ethereum and Pepe
A widely followed crypto analyst says one of the top 10 altcoins will eventually see a 500% surge as he updates his outlook on the Ethereum smart contract platform (ET) and the memecoin Pepe (PEPPER).
In a new thread, pseudonymous cryptocurrency trader Altcoin Sherpa tells his 216,200 followers on social media platform X, the meme asset Dogecoin (DOGE) will eventually reach $1.
“The Jeets might sell to you today, but sooner or later we will send DOGE to $1, Kabosu. Thank you for your services.”
Source: Altcoin Sherpa/X
Dogecoin is trading for $0.168 at the time of writing, a gain of 6.9% over the past 24 hours.
Moving on to the highest altcoin, Sherpa He says is still bullish on the second-largest digital asset by market cap. The trader’s chart indicates that ETH will surpass the $3,980 level within a few weeks.
“ETH: Key level reached, but I still expect this level to be surpassed within a few weeks, provided everything is cleared up. Still bullish.”
Source: Altcoin Sherpa/X
At the time of writing, Ethereum is trading for $3,728, down 1.5% over the past day.
The dealer he concludes his analysis saying that he believes PEPE is a good long-term play when it comes to meme assets and is expected to grow relatively more than DOGE.
“If you’re looking for a large meme that’s too long, I think PEPE is good. good liquidity, strong volume, this one definitely catches up with the others a bit in my opinion. I’m not saying it will flip DOGE or anything, but it should go up more relative. long in the green boxes.
Source: Altcoin Sherpa/X
PEPE is trading for $0.000014 at the time of writing, down 5% over the 24-hour period. On February 19, it was valued at $0.0000011.
Earlier this week, Sherpa noticed that, based on buyer demand and trading volume, PEPE has the potential to outperform large-cap meme assets.
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