A widely followed cryptocurrency analyst and trader is forecasting that one blue-chip altcoin could rally by double-digits.
The analyst pseudonymously known as The Crypto Dog tells his 782,000 followers on the social media platform X that Dogecoin (DOGE) could hit a price of $0.30, about 78% above the current level if Bitcoin (BTC) records a new all-time high.
“Feel pretty good about DOGE actually.”
Dogecoin, currently the ninth-largest crypto asset by market cap, is trading at $0.169 at time of writing.
Turning to Bitcoin, The Crypto Dog says that the largest digital asset by market cap could be on the cusp of another bullish cycle.
“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.”
Next up is the Ethereum (ETH) competitor NEAR Protocol (NEAR). The Crypto Dog says that the layer-1 blockchain is on the verge of skyrocketing past the 22-month high of $9.10 reached in June, around 15% above the current price.
“Not wrong, just early.
NEAR about to put in that move past new yearly highs”
NEAR is trading at $7.91 at time of writing.
The pseudonymous analyst also offers his take on layer-1 blockchain Saga (SAGA). According to The Crypto Dog, SAGA could be on the cusp of ending a downtrend that started after hitting an all-time high of $7.89 in April soon after the inaugural listing of the token.
“SAGA downtrend may be ending soon, one to watch.”
SAGA is trading at $2.28 at time of writing, around 71% below the all-time high.
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