Crypto Trader Says One Large-Cap Memecoin Is ‘About To Rip,’ Updates Outlook on Bitcoin and Solana

A widely followed analyst and trader is expressing bullish sentiment on a leading memecoin while updating his outlook on three other crypto assets.

The analyst pseudonymously known as Kaleo tells his 638,400 followers on the social media platform X that Dogecoin (DOGE) is “about to rip”.

On the largest memecoin by market cap, the widely followed analyst further says,

“DOGE always has been and always will be the king of the memes. All of retail is still familiar with it, and all of crypto Twitter was raised on it.

It was the initial meme that made it possible for us to believe that a dog and a community were enough to start a movement.

Dogecoin isn’t dead.

As soon as it starts to catch a bit of a bid, it will move vertical once again… It’s only a matter of time before it happens, and I refuse to be sidelined when it does.”

Dogecoin is trading at $0.152 at time of writing.

Turning to Bitcoin (BTC), Kaleo says he has a “feeling that it continues to do well from here.”

Based on Kaleo’s chart, it appears that the pseudonymous analyst is projecting Bitcoin to rise to over $100,000 over the coming months.

Bitcoin is trading at $66,003 at time of writing.

Next up is Solana (SOL). According to the widely followed analyst, Solana will soar to a fresh all-time high this year.

Solana is trading at $173 at time of writing, down about 33% from its record high of $259.96.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Crypto Trader Says One Large-Cap Memecoin Is ‘About To Rip,’ Updates Outlook on Bitcoin and Solana appeared first on The Daily Hodl.