Altcoin Sherpa’s Bearish Sentiment on Dogecoin and Preference for Pepe
A highly popular pseudonymous crypto trader known as “Altcoin Sherpa” has expressed bearish sentiment on Dogecoin ($DOGE) and shown a preference for a rival meme coin named Pepe ($PEPE), which has experienced an explosive growth of over 1800% in just four months.
Key Points:
- In a recent video update, Altcoin Sherpa highlighted Dogecoin’s bearish price action and predicted a potential plunge of up to 21%.
- Altcoin Sherpa believes Dogecoin could drop to around $0.055, emphasizing that it doesn’t look great.
- Despite the bearish outlook, Altcoin Sherpa sees some potential upside for Dogecoin in the future due to its high market cap.
- Altcoin Sherpa expresses more promise in the memecoin Pepe, considering it a better buy than Dogecoin due to its lower market cap and significant price growth.
- Pepe’s market cap is around $448 million, and it has surged by approximately 1,845% since April 19th.
Hot Take:
Altcoin Sherpa’s bearish sentiment on Dogecoin and preference for Pepe reflects the dynamic nature of the crypto market. While Dogecoin has gained significant attention and popularity, Altcoin Sherpa believes Pepe offers greater potential for growth. It’s essential for crypto readers to consider multiple perspectives and conduct thorough research before making investment decisions.
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