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Home»ALTCOIN NEWS»Analyst Says Dogecoin Will Hit ‘Crazy Numbers’ This Cycle, Updates Outlook On Solana And One DOGE Rivals
ALTCOIN NEWS

Analyst Says Dogecoin Will Hit ‘Crazy Numbers’ This Cycle, Updates Outlook On Solana And One DOGE Rivals

By Crypto FlexsMarch 4, 20243 Mins Read
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Analyst Says Dogecoin Will Hit ‘Crazy Numbers’ This Cycle, Updates Outlook On Solana And One DOGE Rivals
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A closely watched trader in the cryptocurrency space says Dogecoin (DOGE) is likely to see significant gains once a proper bull market begins.

A pseudonymous trader known as Altcoin Sherpa tells his 209,000 followers on social media platform

“It’s not a very creative or fast trade, but DOGE will ultimately outperform tremendously this cycle. Although it doesn’t perform as well as other memes considering its market capitalization (MC), you can make 4x your money by buying and selling it at gigapumps. “Buy now, go into a coma, and then sell when the moon rises.”

source: Altcoin Sherpa/X

According to a chart from Altcoin Sherpa, Dogecoin is facing a major breakout level above $0.18. As of this writing, DOGE is trading at $0.164, up more than 24% in the last 24 hours.

Looking at Ethereum (ETH) rival Solana (SOL), traders say that while SOL’s recent price action is somewhat disappointing in the short term, they remain bullish on the long term.

“SOL: To be honest, this is not the best candle close. + I’d like to see a strong follow-up in the next few days.

Failing that, we will probably move into the $100-120 trading range once again. “Overall, I’m not sure where this will go in the medium term, but I still have a high period of optimism.”

video
source: Altcoin Sherpa/X

As of this writing, SOL is trading at $129.

Meanwhile, traders say Dogecoin’s rival Bonk (BONK) is currently presenting an opportunity. Given that it lags behind other memecoins like Dogwifhat (WIF) and Pepe (PEPE), Altcoin Sherpa says BONK will likely catch up soon.

“BONK: This is a good coin to buy right now. It still lags behind WIF and PEPE.

If a coin is this consolidated and the leader is still going, you can easily buy it right now…

video
source: Altcoin Sherpa/X

At the time of this writing, the value of BONK is $0.000034, up almost 50% in the past day.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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