Top Crypto Analyst Bullish on Dogecoin, Bitcoin, and Fetch.ai
A well-known cryptocurrency analyst believes that a prominent meme token is poised for significant growth in the coming months.
Altcoin Sherpa has informed his audience of over 212,900 followers that Dogecoin (DOGE) could potentially experience a rally of over 200% from its current price levels.
$DOGE: This is still a great long term investment to be honest. And by long term, I mean like 6 months+. It's going to do something insane this cycle and still should be at least a 3x+ from here (possibly more). It accumulated for 700 days, still is the banner meme for all of… pic.twitter.com/hpA2h7CdKb
— Altcoin Sherpa (@AltcoinSherpa) March 28, 2024
According to Altcoin Sherpa, DOGE remains an attractive long-term investment, with potential gains of at least three times its current value. He highlights the token’s prolonged accumulation period, its iconic status within the cryptocurrency community, and its perceived safety due to its market capitalization and liquidity.
READ MORE: Galaxy Digital CEO Predicts Bitcoin Adoption Acceleration Amidst US Debt Surge
Altcoin Sherpa also shared insights on Bitcoin (BTC), noting that the flagship cryptocurrency is currently in a consolidation phase before embarking on its next upward movement. He remains bullish on BTC, indicating that any dips are likely to be temporary, with $60,000 being the lower end of the range in the short term.
$BTC: Price has consolidated here for about 1 month. Overall, this is bullish and I don't think we go lower than that range low at $60k (in the short term). Expecting a bit more chop and then we do the next leg up. No reason to be bearish at all IMO. pic.twitter.com/1N99KzlGpo
— Altcoin Sherpa (@AltcoinSherpa) March 29, 2024
Additionally, Altcoin Sherpa expressed optimism about Fetch.ai (FET), an artificial intelligence-focused cryptocurrency project. He recommends buying on any price dips for FET, believing that the token’s strength remains intact.
$FET: Resume the pump. This is 1 to buy any dip on if actively trading. I think that it still looks extremely strong. Don't know how the token migration works w. those other AI tokens but yeah…let's see. pic.twitter.com/FfGHXhjdyO
— Altcoin Sherpa (@AltcoinSherpa) March 28, 2024
Investors should note that cryptocurrency markets are highly volatile, and these opinions are those of Altcoin Sherpa and not guaranteed outcomes.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
