Altcoins
Dogecoin and Altcoins Ready to Rally if Bitcoin Hits All-Time High, Says Crypto Analyst
May 24, 2024 8:58 a.m. | 2 minutes of reading
Prominent cryptocurrency analyst predicts significant rally for Dogecoin (CRYPTO: DOGE) and other altcoins, including Bitcoin (CRYPTO: BTC) And NEAR protocol (CRYPTO: CLOSE).
What happened: A widely followed analyst known as The Crypto Dog shared his predictions on social media platform X, Daily Hodl reported Friday. He told his 782,000 followers that Dogecoin could hit $0.30, a 78% increase from its current price if Bitcoin hits a new all-time high.
The Crypto Dog expressed his optimism, saying: “I actually feel pretty good about DOGE. » He also suggested that Bitcoin (BTC) could enter another bullish phase, indicating potential for holding BTC for the long term as it reaches new highs.
Additionally, The Crypto Dog highlighted NEAR Protocol, predicting that it could surpass its 22-month high of $9.10, approximately 15% above its current price. He remarked: “ALMOST on the cusp of hitting that milestone beyond new annual highs. »
The analyst also mentioned Saga (CRYPTO: SAGA), suggesting that its downtrend may end soon, making it a token to watch closely.
Why is this important: A cryptocurrency analyst recently predicted an altcoin boom amid economic challenges, indicating that the altcoin bull market had already begun. This forecast aligns with recent predictions from The Crypto Dog, suggesting a broader trend in the market.
Additionally, on May 19, one of the best traders the focus has shifted from Bitcoin to altcoinsincluding Shiba Inu (CRYPTO: SHIB), highlighting the growing interest in altcoins compared to Bitcoin. This change highlights the growing confidence in altcoins as viable investment options.
Additionally, one expert predicted a 60% rally for Ethereum (CRYPTO:ETH) following the approval of an ETF, indicating that the market is ready for significant moves. This optimism about Ethereum’s growth further supports the bullish sentiment for other altcoins like Dogecoin and NEAR Protocol (NEAR).
Image via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
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