A widely followed crypto analyst says that one top-10 altcoin will eventually see a 500% rise while updating his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE).
In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X that meme asset Dogecoin (DOGE) will eventually hit $1.
“Jeets might be selling you today but we will send DOGE to $1 eventually, Kabosu. Thank you for your services.”
Dogecoin is trading for $0.168 at time of writing, a 6.9% gain during the last 24 hours.
Moving on to the top altcoin, Sherpa says he’s still bullish toward the second-leading digital asset by market cap. The trader’s chart indicates that ETH will clear the $3,980 level within a few weeks.
“ETH: key level tapped but still expecting this level to break within a few weeks as long as everything gets cleared. Still bullish.”
Ethereum is trading for $3,728 at time of writing, a 1.5% decrease during the last day.
The trader concludes his analysis by saying that he believes PEPE is a good long play as far as meme assets go and should rise relatively more than DOGE.
“If you’re looking for a big cap meme to long, I think PEPE is a good one. good liquidity, strong volume, this one definitely catches up to the others a bit in my opinion. not saying it’ll flip DOGE or anything but should go up more relatively. long in the green boxes.”
PEPE is trading for $0.000014 at time of writing, a 5% decrease during the 24 hours. On February 19th, it was valued at $0.0000011.
Earlier this week, Sherpa noted that based on buyer demand and trading volume, PEPE has the potential to outperform large-cap meme assets.
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The post Trader Says Top-10 Altcoin Primed To Surge 500% ‘Eventually,’ Updates Outlook on Ethereum and Pepe appeared first on The Daily Hodl.