Key Insights on Altcoin Performance and Predictions

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Despite the anticipated rise in the cryptocurrency world following the Bitcoin (BTC) halving event not starting yet, some altcoins could offer ideal buying opportunities this week. Some of these altcoins are priced under one dollar, and three of them have caught the analysts’ radar. What do analysts say about these three altcoins?

Will Dogecoin (DOGE) Rise?

According to an analysis by renowned crypto expert Ali Martinez, after breaking out of a descending triangle formation, Dogecoin (DOGE) is consolidating and could make the right move in the coming weeks. However, DOGE is still far from the mentioned level.

Dogecoin’s (DOGE) price is trading at $0.1603, having recently surpassed its critical price level of $0.16. It experienced a 0.62% increase today, indicating a stable outlook, though it saw less than 1% price increase over the past week. As of April 22, it has gained over 8% for the month.

Watch Out for Shiba Inu (SHIB) Prices

On the other hand, the developer team of Shiba Inu (SHIB) continues to work on expanding its ecosystem, including the launch of a new layer-3 blockchain that has excitedly surrounded SHIB. SHIB’s lead developer Shytoshi Kusama commented on the development:

We are excited to receive support from strong venture capitalists, angel investors, and brands as this large decentralized experiment progresses towards completion.

Currently, Shiba Inu is trading at $0.00002696, which means it has experienced a 1.55% price increase in the last 24 hours. Following recent rises, SHIB’s monthly gains also showed a 3.11% increase. Over the last 7 days, SHIB has seen a strong 18% rise.

What Will XRP (XRP) Cost?

As we shared with you on April 20, according to an analysis by crypto expert Egrag Crypto, considering the historical price movements and chart patterns of the token from 2017 and 2021, XRP could be ready for an incredible price movement after the consolidation period.

XRP is currently trading at $0.5351, indicating a nearly 2% rise. Additionally, XRP has risen by about 6% over the past 7 days, but it has experienced a decline of over 11% in the last month, causing concern among investors.