A widely known cryptocurrency analyst has shared his outlook on two different digital assets, saying he is bullish on the flagship MIME coin.
Anonymous trader Altcoin Sherpa told his 219,000 followers on social media platform X that Dogecoin (DOGE) could surpass $0.50 in the next 6-12 months, representing a potential return of more than 275% from current levels.
“DOGE is a great coin, but due to its market cap, its returns won’t be anywhere near what they were in previous cycles. Still, if you’re big and still want to capture *some* meme mania, it’s a good coin.”
At the time of writing, DOGE is trading at $0.133.
Next up is Bitcoin (BTC), which is “looking strong” after retesting resistance near $65,000 as support, according to traders.
“After that response, I think we’ll test $70,000.”
As of this writing, Bitcoin is trading at $67,730.
For the payment protocol XRP, Altcoin Sherpa expects the altcoin to show strength after breaking through the resistance level of $0.58.
“Honestly, XRP looks pretty strong.”
Based on the trader’s chart, he seems to be predicting that the next resistance level for XRP will be $0.75.
At the time of writing, XRP is trading at $0.597.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
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