Analyst Updates Outlook on Dogecoin and Pepe Foresees EthereumBased Altcoin Set to Surge by Over 1700
Credible Crypto, a well-known cryptocurrency analyst and trader, is optimistic about a small-cap altcoin called Curve DAO (CRV), which operates on the Ethereum blockchain. He shares his bullish sentiment with his 399,300 followers on social media, stating that CRV could experience a significant rally, potentially reaching a price above $6. This would represent a gain of over 1,724% from its current level, but Credible Crypto believes this can only happen once Bitcoin surpasses $100,000. At present, CRV is trading at $0.329, while Bitcoin is valued at $64,706.
In regards to Dogecoin (DOGE), Credible Crypto expresses a bearish outlook, predicting that its price could fall between $0.04 and $0.08. He suggests that the best-case scenario for DOGE would be to find support within the range of $0.075 to $0.1, but if it fails to do so, its price could drop below $0.05. Currently, Dogecoin is trading at $0.123.
Credible Crypto also comments on Pepe (PEPE), stating that it appears to be on the verge of breaking down, similar to FLOKI. He warns those who purchased PEPE above the range highs that they may face difficulties. PEPE is currently trading at $0.0000113, while FLOKI is valued at $0.000179.
It’s important to note that the opinions expressed by Credible Crypto are not investment advice, and investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this information was sourced, does not recommend buying or selling any cryptocurrencies or digital assets, nor does it serve as an investment advisor.