Altcoins
Trader Says Top 10 Altcoins Poised to Rise 500% “Eventually,” Updates Outlook on Ethereum and Pepe
A widely followed crypto analyst says a top 10 altcoin will eventually see a 500% surge while updating his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE).
In a new thread, pseudonymous Altcoin crypto trader Sherpa tell his 216,200 followers on social media platform X who meme active Dogecoin (DOGE) will eventually reach $1.
“Jeets may sell you today, but we will eventually send DOGE to $1, Kabosu. Thank you for your service.”
Source: Altcoin Sherpa/X
Dogecoin is trading at $0.168 at the time of writing, a gain of 6.9% over the past 24 hours.
Let’s move on to the top altcoin, Sherpa said he is still bullish on the second largest digital asset in terms of market capitalization. The trader’s chart indicates that ETH will cross the $3,980 level within a few weeks.
“ETH: Key level reached, but we still expect this level to cross within a few weeks as long as everything is cleared. Always optimistic.
Source: Altcoin Sherpa/X
Ethereum is trading at $3,728 at the time of writing, down 1.5% over the past day.
The merchant concludes his analysis saying that he thinks PEPE is a good long-term play when it comes to meme assets and is expected to rise relatively more than DOGE.
“If you’re looking for an overly long large cap meme, I think PEPE is a good meme. good liquidity, high volume, this one definitely catches up a bit with the others in my opinion. I’m not saying it will topple DOGE or anything, but should increase more relatively. for a long time in the green boxes.
Source: Altcoin Sherpa/X
PEPE is trading at $0.000014 at the time of writing, down 5% over 24 hours. On February 19, its value was $0.0000011.
Earlier this week, Sherpa note that, based on buyer demand and trading volume, PEPE has the potential to outperform even large-cap meme assets.
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