A crypto trader who gained a large following with his timely altcoin calls, says Dogecoin (DOGE), the biggest meme coin, and Shiba Inu (SHIB), touted as the “DOGE killer”, should make big profits. Here are the comments of Altcoin Sherpa…
Altcoin Sherpa aims to accumulate SHIB
Cryptocurrency analyst Altcoin Sherpa has 171,000 Twitter followers in Shiba in anticipation that Dogecoin (DOGE) will trigger rallies on SHIB He says he aims to collect Inu (SHIB). He says his strategy is to buy SHIB from the spot market, hold it for 1-6 weeks, and wait for it to pump during that time. According to the analyst, this would easily allow for a “50 percent increase” to be seen. It should also “outperform most other strategies,” he adds.
Analyst says Dogecoin and its competitors will most likely come together, but prefers SHIB’s technical moves. The analyst thinks that if DOGE experiences a sharp rise, other dog coins will likely increase as well. “DOGE and SHIB are close in terms of [market value], but I prefer SHIB because I like the chart better,” he says. Altcoin Sherpa doesn’t give an exact timeframe for when it expects Shiba Inu to rally, but predicts that SHIB will be an intermediate parabolic at the end of the current cycle before the markets reset.
What is the Bitcoin expectation?
Looking at Bitcoin (BTC), the analyst is confident that the leading cryptocurrency by market cap will rise further in the near term. According to the analyst, BTC is in a consolidation zone before jumping around 22 percent from current prices. Altcoin Sherpa believes that BTC is in the consolidation phase before surging to around $55,000, and the charts are similar to August 2021, when the 200-day EMA is significant. However, he states that he may change his mind if it falls below $44,000. Looking at
Kriptokoin.com data, Bitcoin is changing hands at $45,446 with a decrease of 2.6 percent. Dogecoin, one of the meme coins, has increased by 7.3 percent to reach the level of $0.163. SHIB is down 1.3 percent at $0.00026.
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