Analyst Predicts Significant Growth for Dogecoin and Ethereum

Analyst Predicts Significant Growth for Dogecoin and Ethereum

Cryptocurrency analyst Altcoin Sherpa has shared his insights on the future of smart contract platform Ethereum (ETH) and memecoin Dogecoin (DOGE).

Dogecoin to Reach $1?

Altcoin Sherpa predicts that DOGE, currently ranked among the top 10 altcoins, could experience a 500% increase, potentially reaching $1.

"Jeets might be selling you today, but in the end, we will send DOGE to 1 dollar, Kabosu. Thank you for your services."

Following a 2.5% increase in the past 24 hours, DOGE has risen to $0.1634. Its market cap exceeds $23.6 billion, with a 24-hour trading volume surpassing $3 billion.

Ethereum's Bullish Outlook

Sherpa also commented on Ethereum, which remains bullish despite its recent decline. His graph suggests that ETH could surpass $3,980 within a few weeks.

"ETH: the key level has been reached, but as long as everything is clear, we expect this level to be broken within a few weeks. Still bullish."

At the time of writing, Ethereum trades at $3,736, marking a 1.85% decrease in the past 24 hours. Its market cap has settled at $23 billion after a 48% drop.

PEPE's Potential Growth

Sherpa believes that PEPE, another meme asset, has the potential to outperform DOGE in terms of growth.

"If you are looking for a long-term big meme coin, I think PEPE is a good one. Good liquidity, strong volume, I think this definitely catches up with others a bit. I'm not saying it will flip DOGE or anything else, but it should rise relatively more. Long in green boxes."

PEPE currently trades at $0.00001417, a 6.45% decrease in the past 24 hours. Earlier this week, Sherpa suggested that PEPE's buyer demand and trading volume indicate its potential to outperform larger meme coins.