The cryptocurrency market is digesting the SEC’s surprise spot Ethereum ETF approval. While the leading crypto Bitcoin is struggling at the $69,000 level, the leading altcoin Ethereum is trying to maintain its gains. In this environment, some meme coins attract attention with their performance. A crypto analyst with a large following says one of the top 10 altcoins will eventually see a 500% increase, as he updates his views on smart contract platform Ethereum and memecoin Pepe.
Altcoin Sherpa: We will ship DOGE for $1!
cryptokoin.comAs you follow from , cryptocurrencies, especially Bitcoin, continue to show strength. Analysts are quite hopeful about some tokens. An analyst with the pseudonym Altcoin Sherpa says that the meme coin Dogecoin (DOGE) will eventually reach $1. In this context, the analyst said, “Jeets may be selling you today, but eventually we will send DOGE to $1. Kabosu. Thank you for your services.” says.
Meanwhile, Dogecoin was trading at $0.1651 at the time of writing, with slight gains over the past 24 hours. Additionally, DOGE gained nearly 8% on its weekly chart.
According to the analyst, there is more on the horizon for the leading altcoin!
Altcoin Sherpa then looks at the leading altcoin Ethereum. Analyst says it is still bullish against Ethereum. The analyst’s chart shows that ETH will surpass the $3,980 level in a few weeks. In this regard, the analyst said, “ETH: It has reached the key level. However, as long as everything clears up, we expect this level to be broken within a few weeks. “It is still on the rise.” says.
Meanwhile, Ethereum was trading at $3,742 during its mourning, up 0.6% in the last day. Besides, ETH is sitting on over 20% gains on the board chart.
“If you are looking for a long term big meme coin: PEPE”
The analyst says PEPE is a good long play when it comes to meme assets. He also states that it should rise relatively higher than DOGE. In this context, the analyst makes the following statement:
If you are looking for a long term big meme coin, I think PEPE is fine. Good liquidity, strong volume, I think it’s definitely catching up to the others a little bit. I’m not saying it will flip DOGE or anything else, but it should rise relatively higher. There are tall ones in the green boxes.
Meanwhile, PEPE was trading at $0.000015 at the time of writing, up 5% on a daily basis. PEPE gained over 60% on its weekly chart. Earlier this week, Sherpa noted that based on buyer demand and trading volume, PEPE has the potential to outperform large-cap meme assets.
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