A well-known cryptocurrency analyst and trader is making a bold prediction about the future of a popular altcoin. The individual, who goes by the name The Crypto Dog, has a large following on social media and believes that Dogecoin (DOGE) could experience a significant rally. If Bitcoin (BTC) reaches a new all-time high, The Crypto Dog believes that DOGE could reach a price of $0.30, which is approximately 78% higher than its current level. The analyst expresses confidence in this forecast, stating, “Feel pretty good about DOGE actually.”
At the time of writing, Dogecoin is the ninth-largest cryptocurrency by market capitalization and is trading at $0.169. However, The Crypto Dog also has insights into the future of Bitcoin. The analyst suggests that Bitcoin, as the largest digital asset by market cap, may be on the brink of another bullish cycle. The Crypto Dog expresses hope that BTC will continue to reach new highs, saying, “We might be getting to the spot where you can hold BTC long for a few weeks into continual new highs. Fingers crossed, it’s been a while.”
Moving on to NEAR Protocol (NEAR), a competitor to Ethereum (ETH), The Crypto Dog believes that the layer-1 blockchain is poised for a significant surge. The analyst predicts that NEAR will surpass its 22-month high of $9.10, which was reached in June, by around 15%. The Crypto Dog admits that this forecast may have come too early, but confidently states, “NEAR about to put in that move past new yearly highs.” As of now, NEAR is trading at $7.91.
Additionally, The Crypto Dog offers insights on Saga (SAGA), a layer-1 blockchain. The analyst suggests that SAGA may be close to ending a downtrend that began after reaching an all-time high of $7.89 in April, shortly after its initial listing. The Crypto Dog recommends keeping an eye on SAGA, stating, “SAGA downtrend may be ending soon, one to watch.” Currently, SAGA is trading at $2.28, which is approximately 71% lower than its all-time high.
It is important to note that the opinions expressed by The Crypto Dog are not investment advice. Investors should conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this information was sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor.
