Altcoin market is at risk of further collapse. But despite this bearish outlook, a famous analyst is shifting his entire crypto investment to these 2 altcoins.
Famous analyst pours capital into these 2 altcoin projects
Dogecoin is losing popularity among crypto investors. Billy Markus, co-founder of Dogecoin, said that crypto investors are losing interest in the meme coin. According to the Doge founder, “crypto is only interesting when the price is high.” Markus says that cryptocurrencies are only loved in the bull market. The downtrend that has been going on since the summer of 2021 has caused Dogecoin to lose its popularity.
Billy Markus posted a screenshot of a rapid decline in search data for Dogecoin. In June 2021, the mass interest in Dogecoin reached 100, while within a year it fell 3 times below 25.
The Dogecoin price rally in the summer of 2021 boosted the popularity of the meme coin in the crypto community and caused an explosion in interest. A recent tweet by Markus sharing Google search data:
https://twitter.com/BillyM2k/status/153390807972526080
Dogecoin getting ready for new release
Meanwhile, the Dogecoin core release plan
announced by the developers on Github, the latest version of Dogecoin Core was released about six months ago. Fine calculations are being made for the release of the next version of Dogecoin Core. Recently, in a dedicated GitHub section dedicated to meme coin, the developers introduced new features. Among the points shared in the
v1.14.6 release plan, the developers paid particular attention to eliminating known Bitcoin vulnerabilities. Bitcoin nodes are protected from attacks that challenge the receipt of transactions from other nodes. The developers say that this can improve the overall security of the Dogecoin Core infrastructure.
What does the new Dogecoin update bring? As we quoted
Kriptokoin.com , Dogecoin Core used to set the scrap threshold of the wallet to 0.01 DOGE. Thus, it is better protected, making it more ready for use. At the same time, this feature brought innovations to the general user interface. It also updates parts of the wallet infrastructure that affect the interdependence of other components of the framework.
“I just keep these 2 altcoin projects”
On the other hand, a popular crypto phenomenon is betting big on Dogecoin and Shiba Inu. Jeremie Davinci, a prominent Bitcoin analyst and early investor, recently told his followers that he has sold all cryptocurrencies except Dogecoin and Shiba Inu.
I sold everything except $Shib and $Doge!
— Davinci Jeremie (@Davincij15) June 6, 2022
However, Jeremie informed his followers that his statement was not entirely correct. The first adopter of Bitcoin probably has a portfolio of other assets and altcoins, but this has sparked a bullish sentiment among its holders.
Analysts predict a 76% drop in Dogecoin price
Meanwhile, analysts evaluate the Dogecoin price trend. They predict that the meme coin could disintegrate under selling pressure and record a 76% drop. Additionally, @Pladizow, a crypto analyst, has set a bearish target of $0.01877 for the meme coin.
