Whale predictions keep coming. There are now key predictions for six altcoins. Particularly the bang accents stand out. Let’s look at the details.
Predictions for PEPE and Dogecoin
There are predictions from Kaleo, a crypto analyst who is followed by a significant number of users. Accordingly, he suggests that the altcoin Pepe (PEPE) is preparing for a strong upward price action. Kaleo believes PEPE is poised for a parabolic rally similar to the levels observed in May. He expects the cryptocurrency to retest a high timeframe diagonal resistance as support. Therefore, he expects a short decrease in the price of PEPE before the increase. According to Kaleo’s chart analysis, PEPE will potentially drop to around $0.0000011 before rising to around $0.0000019.
Also, Kaleo says that Dogecoin will outperform Bitcoin (DOGE/BTC) in the coming weeks. He suggests that altcoin DOGE’s performance against BTC will improve. Based on the chart analysis, he says DOGE/BTC will potentially hit well above 0.000004 BTC ($0.12) by the end of the month. Currently, the pair is trading at 0.00000259 BTC. It also equates to $0.076.
Predictions for Altcoin Solana
Former Goldman Sachs executive Raoul Pal makes a statement. He compared altcoin Solana (SOL) to Ethereum (ETH) during the bear market phase in 2018 and 2019. It holds SOL as the second largest crypto portfolio allocation. Accordingly, Pal believes Solana is on track to emulate Ethereum’s all-time highs from the bear market.
Raoul Pal sees the current state of the crypto market as part of a huge macro structure. He also argues that the convergence of the exponential era, cryptocurrencies and quantitative easing is an unprecedented opportunity. He believes that the evolution of technology and the depreciation of fiat currencies will significantly benefit the crypto asset class. On the other hand, he says cryptos will lead to explosive growth in the next few years. Pal sees this as a once-in-a-lifetime opportunity. Accordingly, he wants to direct his excess savings to this opportunity.
LINK and Shiba prediction on Michael van de Poppe
Poppe thinks that if the price of Chainlink stays above $7.3, it could potentially rise above $8.4. On the other hand, altcoin Shiba Inu (SHIB) has made significant gains due to excitement about the upcoming Shibarium launch and other developments. Poppe predicts that if the positive trend continues, the price could reach around $0.000012.
Poppe also includes the market forecast before the Bitcoin halving. Accordingly, he states that the total value of the crypto money market may reach approximately $ 1.75 trillion.
Different highlights for altcoin YGG
Famous trader The Flow Horse suggests that Yield Guild Games (YGG), a low-value altcoin, may be preparing for another round of rally. YGG came in from $0.18 at the beginning of August to $0.75 on August 7. Accordingly, it recorded an increase of 316%. Despite losing most of its gains and currently trading at $0.33, The Flow Horse remains bullish on YGG after the correction. He also thinks that the altcoin could try to test its previous support as resistance.
The trader’s chart shows a predicted rally for YGG towards the $0.532 level. According to this cryptocoin.com Looking at it as a whole, it shows a potential increase of more than 61% for the altcoin. However, The Flow Horse’s target stands for a bearish low-high setup. So this leap is likely to be short-lived. He also has comments regarding the broader cryptocurrency market. Accordingly, The Flow Horse is not expecting a crypto bull market in the near term.
