Altcoin
Trader Says Large-Cap Memecoin Could Rise More Than 140%, Updates Outlook on Solana, Chainlink, and an Ethereum Rival
A widely followed analyst and trader predicts triple-digit gains for one major memecoin while updating his outlook on three other crypto assets.
The trader known by the pseudonym Altcoin Sherpa tells his 216,400 followers on the social media platform X that Dogecoin (DOGE) which could rise to $0.40, about 147% above the current level, “in my opinion it’s one of the safest trades you can make in this cycle.”
On the reasons behind his bullish thesis for the largest memecoin by market cap, the pseudonymous analyst says:
“- Eventually retail will buy it.
– All you need is a retarded Elon [Musk] tweet to blow it up.
– Has high liquidity/low downside compared to other memes.
– Probably outperforms many other bullshit coins.”
Source: Altcoin Sherpa/X
Dogecoin is trading at $0.162 at the time of writing.
Addressing Solana (SOL), Altcoin Sherpa He says,
“I think this is going to go much higher by the end of the year, but I think for now we just see higher volatility/lower volatility.”
Source: Altcoin Sherpa/X
Solana is trading at $168 as of this writing.
Next up is the Chainlink blockchain oracle (CONNECTION). The pseudonymous trader He says that while Chainlink may not produce 100x earnings, it has a limited downside. Based on the Altcoin Sherpa chart, it appears that LINK could rise by around 75% from the current level and reach a price of $32 in the coming months.
Source: Altcoin Sherpa/X
Chainlink is trading at $18.26 at the time of writing.
Next up is the NEAR Protocol layer 1 platform (NEAR). The pseudonymous analyst He says that Ethereum (ET) the competitor does not currently offer any attractive entry opportunities for a long position.
“I think [NEAR] It seems like it’s consolidating, but you’re basically hoping for a breakout to happen. I would just rather be patient and buy it myself at a higher price.
Source: Altcoin Sherpa/X
NEAR is trading at $7.48 at the time of writing.
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