Trader Says Large-Cap Memecoin Could Surge by 140%+, Updates Outlook on Solana, Chainlink and One Ethereum Rival

Analyst Projects Triple-Digit Gains for Dogecoin, Provides Outlook on Other Cryptos

A renowned analyst predicts significant gains for a prominent meme coin and offers his insights on three additional crypto assets.

The analyst, known as Altcoin Sherpa, informs his 216,400 followers on X that Dogecoin (DOGE) has the potential to rise to $0.40, approximately 147% above its current value. He believes this trade holds minimal risk in the current market cycle.

Explaining his bullish stance on the market-leading meme coin, Altcoin Sherpa states:

• Retail investors are likely to accumulate DOGE.
• A favorable tweet from Elon Musk could trigger a surge in its value.
• DOGE possesses ample liquidity and low downside risk compared to other meme coins.
• It is likely to outperform numerous other speculative cryptocurrencies.

Dogecoin is currently trading at $0.162.

Regarding Solana (SOL), Altcoin Sherpa remarks, "I believe it will climb higher later this year, but I anticipate continued volatility in the short term."

Solana is trading at $168 at the time of writing.

Altcoin Sherpa then discusses Chainlink (LINK), highlighting its limited downside potential even though it may not generate 100x returns. His chart suggests that LINK could potentially climb by around 75% and reach a price of $32 in the coming months.

Chainlink is trading at $18.26 at the time of writing.

Finally, Altcoin Sherpa analyzes NEAR Protocol (NEAR), an Ethereum competitor. He observes that it currently lacks an attractive entry point for a long position.

"It appears to be consolidating, but a breakout is uncertain," he says. "I prefer to wait for a more favorable opportunity to enter."

NEAR is trading at $7.48 at the time of writing.

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