dailyhodl.com
A widely followed crypto analyst says that one top-10 altcoin will eventually see a 500% rise while updating his outlook on smart contract platform Ethereum ($ETH) and memecoin Pepe ($PEPE).
In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X that meme asset Dogecoin ($DOGE) will eventually hit $1.
“Jeets might be selling you today but we will send $DOGE to $1 eventually, Kabosu. Thank you for your services.”
Dogecoin is trading for $0.168 at time of writing, a 6.9% gain during the last 24 hours.
Moving on to the top altcoin, Sherpa says he’s still bullish toward the second-leading digital asset by market cap. The trader’s chart indicates that $ETH will clear the $3,980 level within a few weeks.
“$ETH: key level tapped but still expecting this level to break within a few weeks as long as everything gets cleared. Still bullish.”
Ethereum is trading for $3,728 at time of writing, a 1.5% decrease during the last day.
The trader concludes his analysis by saying that he believes $PEPE is a good long play as far as meme assets go and should rise relatively more than $DOGE.
“If you’re looking for a big cap meme to long, I think $PEPE is a good one. good liquidity, strong volume, this one definitely catches up to the others a bit in my opinion. not saying it’ll flip $DOGE or anything but should go up more relatively. long in the green boxes.”
$PEPE is trading for $0.000014 at time of writing, a 5% decrease during the 24 hours. On February 19th, it was valued at $0.0000011.
Earlier this week, Sherpa noted that based on buyer demand and trading volume, $PEPE has the potential to outperform large-cap meme assets.