A popular analyst and trader, who goes by the pseudonym Altcoin Sherpa, has shared his optimistic outlook on several cryptocurrencies, including the leading memecoin Dogecoin (DOGE). Altcoin Sherpa predicts that DOGE could potentially surge to $0.40, representing a 147% increase from its current level. The trader believes that investing in DOGE is a safe bet due to its potential popularity among retail investors, the influence of Elon Musk’s tweets, its liquidity, and its potential to outperform other cryptocurrencies.

Moving on to Solana (SOL), Altcoin Sherpa believes that the price of this cryptocurrency will experience more volatility and choppy movements in the near future. However, the trader expects SOL to reach higher levels later this year.

Chainlink (LINK), a blockchain oracle, is another cryptocurrency that Altcoin Sherpa is optimistic about. Although he doesn’t foresee LINK yielding massive gains like some other cryptocurrencies, he believes it has limited downside. Based on his chart analysis, Altcoin Sherpa suggests that LINK could potentially surge by around 75% in the coming months and reach a price of $32.

On the other hand, Altcoin Sherpa does not see an attractive entry point for the Ethereum competitor NEAR Protocol (NEAR) at the moment. He advises patience and waiting for a breakout before considering a long position in NEAR.

It’s important to note that the opinions expressed by Altcoin Sherpa are not investment advice, and investors should conduct thorough research before making any high-risk investments in cryptocurrencies. The Daily Hodl, where Altcoin Sherpa’s insights were shared, does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.