A widely followed crypto analyst says a top-10 altcoin will eventually see a 500% increase as he updates his views on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE).
In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X will eventually reach $1.
“Jeets may sell you today, but we’ll eventually send DOGE to $1, Kabosu. Thank you for your services.”
Dogecoin is trading at $0.168 at the time of writing, a gain of 6.9% over the past 24 hours.
We move on to the best altcoin, Sherpa say he is still bullish on the second largest digital asset by market cap. The trader’s chart indicates that ETH will cross the $3,980 level within a few weeks.
“ETH: Key level has been reached, but still expect this level to break in a few weeks as long as everything clears. Still optimistic.”
Ethereum is trading at $3,728 at the time of writing, down 1.5% over the last day.
The trader concludes his analysis by saying that he believes PEPE is a good long-term strategy in terms of meme assets and should rise relatively more than DOGE.
“If you’re looking for a big cap meme that goes on too long, I think PEPE is a good one. good liquidity, strong volume, this one definitely overtakes the others a bit in my opinion. I’m not saying it will reverse DOGE or anything like that, but it should rise more relatively. long in the green boxes.”
PEPE is trading at $0.000014 at the time of writing, down 5% for the 24 hours. 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.
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Featured image: Shutterstock/topvector/MrArtHit