A leading analyst in the crypto space, known as Altcoin Sherpa, recently shared his thoughts on Ethereum (ETH) and the memecoin Pepe (PEPE). He anticipates that one of the top 10 altcoins could see an extraordinary 500% increase by the end of the year.

Will Dogecoin Hit the $1 Mark?

Altcoin Sherpa, a well-respected figure in cryptocurrency analysis, took to social media platform X to discuss crucial topics. He emphasized Dogecoin (DOGE), predicting that the popular meme coin might eventually reach $1. Sherpa mentioned, “Jeets might be selling you today, but in the end, we will send DOGE to 1 dollar, Kabosu. Thank you for your services.”

Recently, Dogecoin experienced a 2.5% increase, reaching $0.1634. Its market capitalization also grew to over $23.6 billion, with a 24-hour trading volume exceeding $3 billion.

Ethereum's Bullish Future

Following his comments on DOGE, Sherpa provided his insights on Ethereum, which remains a leading altcoin by market value. According to his analysis, Ethereum could potentially surpass the $3,980 mark within a few weeks. "ETH: the key level has been reached, but as long as everything is clear, we expect this level to be broken within a few weeks. Still bullish," he shared.

At the time of his statement, Ethereum was trading at $3,736, marking a 1.85% decrease in the last 24 hours. Despite this, its market cap stood at $23 billion after a 48% drop over the same period.

PEPE's Potential to Outshine DOGE

In conclusion, the analyst turned his focus to PEPE, suggesting that it has greater potential for growth compared to DOGE among meme coins. "If you are looking for a long-term big meme coin, I think PEPE is a good one. Good liquidity, strong volume, I think this definitely catches up with others a bit. I’m not saying it will flip DOGE or anything else, but it should rise relatively more. Long in green boxes," he noted.

At the time of writing, PEPE was trading at $0.00001417, reflecting a 6.45% drop in the last 24 hours. Back in February, PEPE was priced at $0.0000011.

Earlier in the week, Sherpa highlighted that PEPE could outperform larger meme coins due to its buyer demand and trading volume.

Conclusion

Altcoin Sherpa's predictions underscore the potential for significant growth in both established and emerging cryptocurrencies. While Dogecoin aims for the $1 milestone, Ethereum remains bullish, and PEPE shows promising prospects among meme coins. Investors and enthusiasts will be keenly watching these developments unfold.