Analyst Says Altcoin That’s Exploded Over 6,400% in One Year ‘Still Looks Strong,’ Updates Outlook on Dogecoin

A intently watched crypto strategist and dealer says a red-hot real-world asset (RWA) mission could have extra upside potential.

Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform

“Consolidation within the earlier vary and now enlargement; Personally, I might be cautious about shopping for right here and suppose we should always see a decline round $1.23 and $1.41. But it surely’s nonetheless one of many higher RWA bets and I’ve a bag.

MANTRA is a crypto mission that allows the tokenization and buying and selling of actual belongings, reminiscent of industrial properties.

OM is buying and selling at $1.13, up on the time of writing 6.421% in comparison with the value of $0.0176 in October 2023.

Then the analyst says sure turn around bullish on meme token Dogecoin (DOGE).

“To find out if DOGE ever hits insane numbers like 2021; my estimate isn’t given the market capitalization. But it surely ought to have just a few extra x from right here and remains to be one of the vital liquid cash in crypto. $0.10 is an honest space to scale given one-week ranges.”

DOGE is buying and selling at $0.107 on the time of writing, up 5.29% within the final 24 hours.

Lastly, the analyst suggests that Bitcoin (BTC) might retest the $45,000 stage earlier than breaking by way of later this yr.

“BTC: We’re nonetheless within the low areas someday, however personally I nonetheless take into account the $45,000 area as the realm of ​​curiosity. $50,000 has already been tapped and the one-day construction remains to be bearish for me. I am not saying ‘it is over’, however some form of shake-out plus chop till late within the fourth quarter appears wise to me.”

Bitcoin is buying and selling at $60,608 on the time of writing, up 4.3% prior to now 24 hours.

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