The cryptocurrency market followed a calm course over the weekend. While the leading crypto Bitcoin is hovering around the $68K mark, leading altcoins have a similarly stable outlook. As the crypto market looks for a catalyst, an analyst with a large following shared his latest predictions for DOGE, LINK, SOL and NEAR. The analyst predicts triple-digit gains for the original meme coin.
Altcoin Sherpa predicts a 147% run for DOGE!
As you have been following on Kriptokoin.com, the market has entered a sideways trajectory as the spot Ethereum ETF hype subsided. However, investors and traders are spending this period preparing for the next bull run. Altcoin Sherpa pseudonymous analyst shared his latest predictions with his followers to give them an idea. The analyst predicts that Dogecoin (DOGE) will potentially rise to $0.40, about 147% above the current level. Altcoin Sherpa also says, “I think it’s one of the safest trades you can make this cycle” for DOGE. In this context, the analyst says the following for the bull thesis for DOGE:
- Retail will eventually buy it.
- It’s going to blow up on a retarded tweet from Elon Musk.
- It has great liquidity/low downside compared to other meme coins.
- It will probably outperform many other shitcoins.
“LINK has the potential to increase by about 75%!”
The analyst then discusses the blockchain oracle Chainlink (LINK). Altcoin Sherpa says that while Chainlink doesn’t offer 100x gains, it has a limited downside. According to the analyst’s chart, LINK has the potential to increase by about 75% from the current level. It could also reach a price of $32 in the coming months. Meanwhile, Chainlink was trading at $18.58 at the time of writing. Meanwhile, the token saw an increase of about 9% on its weekly chart.
Analyst is patient for SOL and NEAR!
Altcoin Sherpa then looks at Solana (SOL). “I think it will go much higher later this year. But for now, I think we’ll see more volatility/lower volatility.”
Finally, the analyst discusses the layer 1 platform NEAR Protocol (NEAR). Altcoin Sherpa says that NEAR does not currently offer an attractive entry opportunity for a long position. In this context, the analyst said, “I think NEAR seems to be consolidating. But you’re basically hoping for a breakout. Personally, I’d rather be patient and buy at higher levels.”
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