News
Cryptocurrency Price Predictions for 2024: Dogecoin at $2 and XRP at $3
Crypto analyst Kyle Chasse has provided his price predictions for several crypto tokens. Its price targets for Dogecoin (DOGE) AND XRP were eye-catching, considering the heights these coins are expected to reach.
Dogecoin at $2 and XRP at $3
Chasse mentioned in an X (ex Twitter) send that Dogecoin will rise to $2 and XRP to $3. His prediction for Dogecoin stands out compared to this other one crypto analysts like Altcoin Sherpa they predicted that $1 is the highest level the crypto token can reach in this bull run. Therefore, Chasse’s prediction undoubtedly raises expectations for the meme coin in this cycle.
Interestingly, Chasse’s prediction for Dogecoin still seems conservative, considering that crypto analyst Kevin (formerly Yomi OG) expected that the meme coin could rise above $3 in this bull run based on its price action previous bull markets. Unlike Chasse and Kevin, some are still skeptical that Dogecoin will even go up to $1.
One of them is Pav Hundal, chief analyst of the Australian exchange Swyftx, who explained why Dogecoin may not reach $1, stating that some bought the meme coin at the height of the latest bull and would like to profit as soon as Dogecoin hits a new all-time high (ATH). He believes this category of investors can add significant selling pressure, impacting Dogecoin’s journey to $1.
Meanwhile, Chasse’s prediction of an XRP rise to $2 seems more conservative than ambitious, given other price predictions for the crypto token made thus far. For example, crypto analyst Ash Crypto predicts that XRP will reach $5 in the next 12-16 months, while crypto analyst CrediBULL Crypto claims XRP can rise to $20.
Crypto analyst Egrag Crypto he is the most optimistic of these analysts. He predicts that XRP can rise to $27 in this bull run. Egrag noted that the price target is feasible given XRP’s parabolic run in 2017, when it saw a 61,000% profit in 280 days.
Price predictions for other crypto tokens
Chasse also outlined his price targets for other major crypto tokens, including Bitcoin. He expects the flagship cryptocurrency to reach $150,000 at its peak this bull run. Chasse shares a similar sentiment as Tom Leeco-founder of research firm Fundstrat, which predicts that Bitcoin will reach $150,000 by the end of the year.
Meanwhile, Chasse predicts Ethereum will rise to $9500, another conservative prediction since crypto analysts like Mikybull Crypto foresee that the second largest cryptocurrency will rise to $20,000 in this bull run. Cardano it also made Chasse’s list, with the crypto analyst predicting it would rise to $7. Chasse joins a growing list of crypto analysts who have made bullish predictions for Cardano despite this insignificant price action.
DOGE price at $0.14 | Source: DOGEUSDT on Tradingview.com
Featured image from Securities.io, chart from Tradingview.com