Cryptocurrency analyst Altcoin Sherpa to his 212,900 followers on social media platform X dogecoin He states that the price may experience an increase of over 200% from current levels.
“DOGE: Presents a truly great long-term investment opportunity right now. The time period I consider long term covers a period of more than six months. It will have a truly crazy performance this cycle and will probably gain at least three times its current value. This cryptocurrency was accumulated for 700 days and is still the symbol of the entire crypto world. Additionally, considering factors such as market capitalization and liquidity, it can be considered a very ‘safe’ investment.”
Altcoin Sherpa switched to his Bitcoin prediction, stating that the leading crypto asset is in a consolidation phase before a new rise.
“BTC: Prices have been consolidating at these levels for about a month. Overall, this is a bullish trend and I do not expect a break below $60,000 (in the short term). We expect some more decline and then we will take the next leg up. “I don’t see any reason to be bearish right now.”
Altcoin Sherpa highlights that there is an uptrend on the AI-focused crypto project Fetch.ai (FET) and that pullbacks present potential opportunities for active traders.
“FET: We continue the upward trend. If you are actively trading, any decline can be seen as an opportunity. “I think he’s still in an extremely strong position.”
