Crypto analyst Michaël van de Poppe made important statements for altcoin Dogecoin (DOGE). Accordingly, he states that DOGE will follow in the footsteps of XRP’s explosive rally last week. He also suggests that it may be on the verge of a significant surge. Van de Poppe, who has 162,000 subscribers on YouTube, explains a different situation. It highlights the similarities in the market structure between the two cryptocurrencies.
Altcoin DOGE will explode like Ripple
Van de Poppe compares XRP’s 12-hour chart to Dogecoin’s line chart. It also highlights the striking similarity in market patterns. If Dogecoin mimics the trajectory of XRP, Van de Poppe predicts a potential rise of up to 157% from current price levels. Accordingly, he predicts a target range of $0.15 to $0.18 for altcoin DOGE.
As of now, altcoin Dogecoin is trading at $0.07. It also experienced a slight increase in value over the past 24 hours. Van de Poppe’s analysis has created anticipation among traders and enthusiasts who eagerly await the potential rise of the leading meme coin.
Follow TOTAL
Van de Poppe also closely monitors the total market value (TOTAL) of all cryptocurrencies. He points out that the TOTAL chart is showing signs of an imminent breakout as it forms a golden cross on the weekly timeframe. Accordingly, this is typically a bullish signal. A gold crossover occurs when a long-term moving average, such as the 200-week moving average (MA), crosses above a short-term MA, such as the 50-week moving average.
Van de Poppe details the importance of the golden intersection. Accordingly, he suggests that this could lead to the continuation of the market’s upward momentum. It predicts a potential increase of 40% to 70% (or even 80%) from the current level. There is also a consequence of this situation before a quick fix takes place. It has the potential to push its total market cap towards $2 trillion. Van de Poppe believes this momentum can continue over a period of two to three months.
Following Poppe’s analysis
As of now, the combined market cap of all cryptocurrencies stands at $1,172 trillion. Accordingly, the developments highlight the enormous growth potential in the broader cryptocurrency market.
cryptocoin.com When we look at it as a whole, crypto enthusiasts follow Van de Poppe closely. His insights and predictions are valued as his analysis has gained credibility within the community. Market movements remain unpredictable in nature. On the other hand, the potential parallels between altcoin Dogecoin’s price action and the recent XRP rally created excitement and anticipation. Accordingly, it made altcoin Dogecoin a cryptocurrency to watch in the coming days and weeks.
