A widely respected cryptocurrency analyst has updated his outlook for smart contract platform Ethereum (ETH) and meme coin Pepe (PEPE), saying one of the top 10 altcoins will eventually rise 500%.
In a new thread, anonymous cryptocurrency trader Altcoin Sherpa told his 216,200 followers on social media platform X that meme asset Dogecoin (DOGE) will eventually hit $1.
“Jeets will sell you today, but we will eventually send you DOGE for $1, Kabosu. Thank you for your service.”
Dogecoin is trading at $0.168 at the time of writing, up 6.9% in the last 24 hours.
Moving forward with the top altcoins, Sherpa said he remains bullish on the second-largest digital asset by market capitalization. According to traders’ charts, ETH is likely to break the $3,980 level in the coming weeks.
“ETH: A key level has been tapped, but we expect this level to be broken within a few weeks as long as everything gets sorted out. “Still optimistic.”
Ethereum is trading at $3,728 at the time of writing, down 1.5% over the past day.
The trader concludes the analysis by believing that PEPE is a good long-term play as far as meme assets are concerned and should rise relatively more than DOGE.
“If you’re looking for a large meme that you’ll keep for a long time, I think PEPE is a good option. Good liquidity, strong volume, I think this product is definitely catching up to the others a bit. I’m not saying it will overturn DOGE, etc., but it will go up relatively more. “It’s been in the green box for a long time.”
PEPE is trading at $0.000014 at the time of writing, down 5% in 24 hours. On February 19, it was valued at $0.0000011.
Earlier this week, Sherpa noted that PEPE is likely to outperform large-cap meme assets based on buyer demand and trading volume.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
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 you will be responsible for any losses you may incur. 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.
Featured Image: Shutterstock/topVector/MrArtHit