Altcoin Sherpa, a well-known cryptocurrency analyst, has expressed his optimism about a popular memecoin while also sharing his insights on two other digital assets.

With a substantial following of 219,000 on the social media platform X, Altcoin Sherpa believes that Dogecoin (DOGE) could potentially reach a price of over $0.50 in the next six to 12 months. This forecast suggests a potential gain of more than 275% from its current level.

However, Altcoin Sherpa acknowledges that the returns on DOGE may not be as significant as in previous cycles due to its market capitalization. Nevertheless, he considers it a favorable investment for those with a substantial portfolio who still want to capitalize on the meme mania.

As of now, DOGE is trading at $0.133.

Moving on to Bitcoin (BTC), Altcoin Sherpa asserts that the cryptocurrency appears strong after successfully testing resistance at approximately $65,000, which has now turned into support. He predicts that BTC will soon test the $70,000 range.

Presently, Bitcoin is trading at $67,730.

Altcoin Sherpa also shares his positive outlook on XRP, a payment protocol. He believes that the altcoin is exhibiting bullish behavior after surpassing its resistance level at $0.58.

Based on Altcoin Sherpa’s chart analysis, the next resistance level for XRP is projected to be $0.75.

At the time of writing, XRP is trading at $0.597.

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