The Crypto Dog, a prominent anonymous cryptocurrency analyst, has predicted significant rises for several major altcoins. The analyst pointed to Dogecoin (DOGE), Near Protocol (NEAR), and Saga (SAGA).
Dogecoin Could Show Strength with “Bitcoin Effect”
The analyst, who has a large following on social media platform X, is particularly optimistic about Dogecoin. He expects it to reach $0.30, a 78% increase, if Bitcoin (BTC) hits its all-time high. Currently, Dogecoin is trading at $0.169 and is the ninth-largest cryptocurrency by market cap.
Crypto Dog’s confidence in DOGE stems from strong community support and its past performance during Bitcoin rallies.
The analyst also presented an optimistic outlook for Bitcoin, suggesting that the largest cryptocurrency might be on the verge of a new bullish cycle. He points to a potential period where holding BTC long-term could result in continuous new highs over several weeks, indicating positive market sentiment and the possibility of Bitcoin breaking its previous records.
NEAR and SAGA Commentary
The Crypto Dog, eyeing Ethereum competitor Near Protocol‘s mainnet asset NEAR, stated that the Layer-1 Blockchain network is on the verge of surpassing its highest level in the past 22 months, $9.10. This represents a 15% increase from its current price of $7.91. Despite being at the beginning of a bullish rally, the analyst believes NEAR is poised for significant upward movement due to its solid technology and growing ecosystem.
The analyst also pointed to another Layer-1 Blockchain network, Saga, which he believes is nearing the end of its downtrend. SAGA reached an all-time high of $7.89 in April but has since fallen 71% to $2.28. The Crypto Dog emphasized that SAGA is an altcoin to watch, as it could soon recover and offer significant returns.
