A widely followed crypto analyst says a top 10 altcoin will eventually see a 500% surge as he updates his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE).
In a new thread, pseudonymous cryptocurrency trader Altcoin Sherpa tells his 216,200 followers on social media platform X that the meme asset Dogecoin (DOGE) will eventually reach $1.
“The Jeets might sell to you today, but sooner or later we will send DOGE to $1, Kabosu. Thank you for your services.”
Source: Altcoin Sherpa/X
Dogecoin is trading for $0.168 at the time of writing, a gain of 6.9% over the past 24 hours.
Turning to the flagship altcoin, Sherpa says he is still optimistic about the second-largest digital asset by market cap. The trader’s chart indicates that ETH will surpass the $3,980 level within a few weeks.
“ETH: Key level reached, but I still expect this level to be surpassed within a few weeks, provided everything is cleared up. Still bullish.”
Source: Altcoin Sherpa/X
At the time of writing, Ethereum is trading for $3,728, down 1.5% over the past day.
The trader concludes his analysis by saying that he believes PEPE is a good long-term investment when it comes to meme assets and that it should grow relatively more than DOGE.
“If you’re looking for a large meme that’s too long, I think PEPE is good. good liquidity, strong volume, this one definitely catches up with the others a bit in my opinion. I’m not saying it will flip DOGE or anything, but it should go up more relative. long in the green boxes.
Source: Altcoin Sherpa/X
PEPE is trading for $0.000014 at the time of writing, down 5% over the 24-hour period. On February 19, it was valued at $0.0000011.
Earlier this week, Sherpa noted that based on buyer demand and trading volume, PEPE has the potential to outperform large-cap meme assets.
