dailyhodl.com
A widely followed cryptocurrency analyst and trader says one large-cap altcoin could go up by triple-digit percentage points “soon.”
The analyst, pseudonymously known as Kaleo, tells his 725,100 followers on X that Dogecoin (DOGE) could see a “face-melting move” back to the all-time high “soon enough,” potentially recording a 180% rally from the current level.
“Don’t sleep on the king of memes.”
Dogecoin is trading at $0.26 at time of writing, down by around 65% from the all-time high of around $0.73 reached in May of 2021.
Next up is Bitcoin (BTC). According to Kaleo, the crypto king could rally by around 315% from the current level and hit a price of $500,000. Based on Kaleo’s Bitcoin chart, it appears he is suggesting the crypto king could reach the price target somewhere around late 2026 to early 2027.
Bitcoin is trading at $120,363 at time of writing.
Kaleo also says the Bitcoin/gold ratio, defined as the price of one BTC relative to the price of one ounce of gold, is now on the cusp of a breakout after bouncing off a support level formed by an ascending trendline stretching all the way back to 2020.
“Only a matter of time before we see a rally like we did in 2017, except for unlike 2017 when Gold was chopping sideways – Bitcoin will be making new ratio all-time highs while Gold is incredibly bullish and ripping higher.
Welcome to the supercycle.”
An ounce of gold is trading at $3,885 at time of writing.
Generated Image: Midjourney