An esteemed analyst and trader known as Altcoin Sherpa is sharing his updated predictions for four different cryptocurrencies, including a leading memecoin. With a significant following of 216,400 followers on X, Altcoin Sherpa believes that Dogecoin (DOGE) has the potential to surge to $0.40, a staggering 147% increase from its current level. He considers this trade to be one of the safest options available during this cycle. Altcoin Sherpa provides several reasons to support his optimistic outlook, including the expectation that retail investors will eventually drive up the demand for Dogecoin and the potential for a single tweet from Elon Musk to significantly impact its value. He also highlights the coin’s liquidity and relatively low downside compared to other meme-based cryptocurrencies.

As of now, Dogecoin is trading at $0.162.

Altcoin Sherpa then turns his attention to Solana (SOL), expressing his belief that the cryptocurrency will experience significant growth later in the year. However, he anticipates that in the short term, there will be more volatility and price fluctuations. Currently, Solana is trading at $168.

Moving on to Chainlink (LINK), Altcoin Sherpa acknowledges that while it may not yield 100x gains, it has limited downside. Based on his analysis, he suggests that LINK could potentially surge by approximately 75% from its current level, reaching a price of $32 in the coming months. At present, Chainlink is trading at $18.26.

Altcoin Sherpa then discusses the layer-1 platform NEAR Protocol (NEAR). He believes that there are currently no attractive entry opportunities for a long position in this Ethereum (ETH) competitor. He suggests that investors wait for a breakout before considering investing in NEAR, cautioning against buying it at its current price. NEAR is currently trading at $7.48.

In conclusion, Altcoin Sherpa presents his updated outlook on these four cryptocurrencies, highlighting the potential for significant gains in Dogecoin, the expected volatility in Solana, the limited downside of Chainlink, and the lack of attractive entry opportunities for NEAR Protocol.

Please note that The Daily Hodl’s content is not intended as investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.