Popular analyst Altcoin Sherpa predicts that Dogecoin could stage a 50 percent rally from current levels. That would mean that we will see a Dogecoin price of around $0.30-0.33 on the boards in the coming period.
“Doge is heading towards $0.33. Other memes are still doing great. Dogecoin isn’t going to give you the returns that others get, but you can still earn on it and that’s great.” thus Altcoin Sherpa.
Also BOME in the crosshairs
Another memecoin that Altcoin Sherpa has in its sights is BOOK OF MEME (BOME). According to the analyst, it may take some time, but eventually he expects that BOME can beat the resistance at $0.0152. “Eventually I see BOME going to $0.018,” thus Altcoin Sherpa.
At the time of writing, BOME clocks in at a price of $0.01656. What is special about the rise of the memecoin is that the rest of the market is turning red today. Bitcoin is in the red by 5 percent and usually that is also a bad sign for other currencies.
It shows how strong memecoins are currently performing, although the question remains why this is the case. After all, memecoins don’t do anything at all and never will. They’re just funny, but is that enough for market caps of several billion dollars?
Even more strong memecoins
The last memecoin on Altcoin Sherpa’s list is dogwifhat (WIF). According to the analyst, there is a chance that WIF could rise to new all-time highs if it manages to beat the Fibonacci level of 1.618 at the price of $4.57.
“WIF is making some fantastic moves right now, congratulations to everyone who completed this rollercoaster ride. I honestly don’t have any targets. Maybe the price of $5.70 will be next,” says an honest Altcoin Sherpa.
WIF is trading at $3.92 at the time of writing and has seen significant gains over the past 24 hours. The price of the currency has fallen by more than 10 percent today, although an increase of 36 percent is still on the boards for the past seven days.
Source: https://bitcoinmagazine.nl/nieuws/analist-voorspelt-uitbraak-voor-dogecoin-en-twee-solana-memecoins
