One of the world’s closely followed analysts, Altcoin Sherpa, has once again shared his views on the smart contract platform Ethereum (ETH) and the memecoin Pepe (PEPE). He predicts that one of the top 10 altcoins could see a 500% increase in the end.
Will Dogecoin Reach 1 Dollar?
Altcoin Sherpa, a well-known analyst in the cryptocurrency world, shared his insights on X to clarify important topics. In his statements, the analyst highlighted Dogecoin (DOGE) and predicted that the meme coin could reach 1 dollar in the end.
Jeets might be selling you today, but in the end, we will send DOGE to 1 dollar, Kabosu. Thank you for your services.
Dogecoin, after a 2.5% increase in the last 24 hours, rose to the level of 0.1634 dollars. On the other hand, the market cap exceeded 23.6 billion dollars. Additionally, the 24-hour trading volume surpassed 3 billion dollars.
Following DOGE, Sherpa also commented on the peak of altcoins, stating that Ethereum, which is at the top in terms of market value, still has a bullish outlook. The analyst’s shared graph indicates that ETH could surpass the 3,980 dollar level within a few weeks.
ETH: the key level has been reached, but as long as everything is clear, we expect this level to be broken within a few weeks. Still bullish.
Ethereum, at the time of writing, is trading at 3,736 dollars, which means a 1.85% decrease in the last 24 hours. More importantly, the market cap in the last 24 hours settled at 23 billion dollars after a 48% drop.
Will PEPE Rise More Than DOGE?
The trader concluded his analysis by stating that PEPE has relatively more potential to rise compared to DOGE when it comes to meme assets.
If you are looking for a long-term big meme coin, I think PEPE is a good one. Good liquidity, strong volume, I think this definitely catches up with others a bit. I’m not saying it will flip DOGE or anything else, but it should rise relatively more. Long in green boxes.
PEPE, at the time of writing, continues to find buyers at the level of 0.00001417 dollars. This price level emerged after a 6.45% drop in the last 24 hours. On February 19, PEPE had a price level of 0.0000011 dollars.
Earlier this week, the analyst revealed that PEPE has the potential to outperform large-cap meme coins, considering buyer demand and trading volume.
