The cryptocurrency market has been enduring correction after a major uptick over the past couple of days. The Bitcoin (BTC) led rally pushed several assets to a notable high. Dogecoin (DOGE) has been a top performer. As BTC tried to get itself over the $90,000 mark, the other cryptocurrencies were trying to get back on track. A prominent cryptocurrency analyst revealed various predictions for assets like DOGE and XRP.
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Dogecoin’s Trajectory Takes A Hit
The OG meme cryptocurrency, Dogecoin, surged by nearly 90% throughout the past week and 235% in the past 30 days. DOGE surged to a high of $0.43. At press time, the asset was trading at $0.3631 after DOGE saw a 7.32% drop over the last 24 hours.
Despite this drop, an analyst who goes by Ash Crypto revealed a positive forecast for the meme coin. Ash Crypto predicts that the Dogecoin price will rise between $1 and $3 over the next six to twelve months. Reaching this level would represent price increases of 133% to 600%.
It should be noted that DOGE trades 51% below its all-time high of $0.7376. The asset hit this peak about four years ago, in 2021.
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Ripple’s Cryptocurrency To Hit New All-Time High?
The analyst also set a price for Ripple’s XRP. While most assets were in a downtrend, XRP rose by a staggering 16% over the past 24 hours. At press time, the altcoin was trading at $0.8098. This further led to several bullish bets being placed on XRP, reaching a high of $1 this month.
Ash Crypto estimated that the price of XRP will vary between $3 and $5 in the upcoming six to twelve months. In doing so, the price of XRP would finally surpass its all-time high of $3.40, which has been stable for the previous seven years.
Along with Dogecoin and XRP, the analyst laid out predictions for several other prominent assets in the market.
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