Crypto Analyst Forecasts Over 75% Surge for Leading Altcoin in the Top-10, Outlines Bitcoin and One Ethereum Competitor’s Future Trajectories
A cryptocurrency analyst who goes by the name The Crypto Dog is making an intriguing prediction about the future of one particular altcoin. The analyst, who has a substantial following of 782,000 on X, believes that Dogecoin (DOGE) could experience a significant surge in value. If Bitcoin (BTC) reaches a new all-time high, The Crypto Dog suggests that DOGE could potentially reach a price of $0.30, which is approximately 78% higher than its current level. The analyst expresses confidence in this forecast, stating, “Feel pretty good about DOGE actually.”
At present, Dogecoin holds the ninth spot in terms of market capitalization and is trading at $0.169. Shifting focus to Bitcoin, The Crypto Dog suggests that the leading digital asset may be on the brink of another bullish cycle. The analyst states, “We might be getting to the spot where you can hold BTC long for a few weeks into continual new highs. Fingers crossed, it’s been a while.”
Moving on to NEAR Protocol (NEAR), a competitor of Ethereum (ETH), The Crypto Dog believes that this layer-1 blockchain is poised to surpass its previous 22-month high of $9.10, which was reached in June. According to the analyst, this would represent an increase of approximately 15% from the current price. The Crypto Dog admits that he may have been early in his previous prediction but asserts that NEAR is now ready to make a move past new yearly highs. As of now, NEAR is trading at $7.91.
The pseudonymous analyst also shares insights on Saga (SAGA), a layer-1 blockchain. The Crypto Dog suggests that SAGA may be nearing the end of a downtrend that began after reaching an all-time high of $7.89 in April, shortly after its initial listing. The analyst advises keeping an eye on this particular altcoin. Currently, SAGA is trading at $2.28, which is approximately 71% lower than its all-time high.
In conclusion, The Crypto Dog’s predictions provide an interesting perspective on the potential future performances of DOGE, BTC, NEAR, and SAGA. However, it is essential for investors to conduct their due diligence and assess the risks associated with high-risk investments in cryptocurrencies and digital assets. The Daily Hodl, where this analysis was sourced, emphasizes that readers should be aware that any transfers or trades they make are at their own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor do they serve as investment advisors.