The cryptocurrency market is no stranger to bullish expectations, especially in light of the current positive market sentiment. According to a cryptocurrency market participant who goes by the name Scofield (@Crypto_Scofield) on social media platform X, there are a few altcoins with upside potential in the coming weeks and month.
In his latest post, Schofield shared a list of price targets for various cryptocurrencies, including tokens like Dogecoin and XRP. Among notable predictions, he suggested that Dogecoin could reach $3, while XRP could reach $5, describing such price levels as “a matter of time.”
Price predictions to excite cryptocurrency investors
Although this post As this analyst highlighted, these bullish price targets did not come with technical analysis and potential timelines, but they nonetheless play a role in the current bullish sentiment surrounding these cryptocurrencies.
XRP, for example, has been undergoing trials Extremely bullish flows and buying pressure of cryptocurrency traders, causing its price to trade at its highest point in more than three years. At the time of writing, XRP is trading at $1.93. It is its highest level since 2018. This impressive rise has reignited interest in the token, and it is only a matter of time before the price of XRP rises. The critical threshold exceeds $2.
The price of XRP has already risen by 270% over the past 30 days, and reaching the expected $5 mark would lead to another 160% increase at this point.
Schofield’s assertion that the price of XRP could rise to $5 is consistent with the bullish sentiment that has surrounded the token since the US presidential election. Additionally, the expected change in SEC leadership has also caused the price of XRP to rise more than many expected. However, reaching $5 will require the XRP price to overcome its all-time high of $3.40 and maintain steady trading volume.
Another interesting aspect of Scofield’s predictions is… Dogecoin is expected to reach $3. this Prediction resonates with The ongoing enthusiasm surrounding the token, which has seen renewed interest from retail and institutional investors.
Dogecoin, like XRP, is trading at multi-year highs, recently rising to $0.4759. It is worth noting that this represents the highest level that the price of Dogecoin has reached in three years. For Dogecoin, hitting the expected $3 mark would result in a 530% increase from $0.4759.
Other Forecast: Broader bullish sentiment
Schofield’s list extends beyond Dogecoin and XRP, as it covers several altcoins with equally ambitious goals. Notably, he envisions Fetch.ai (FET) rising to $10, Fantom (FTM) rising to $5, and Injective Protocol (INJ) rising to $150. Additionally, expect VeChain (VET) to reach $0.25, Coti (COTI) to reach $1, and Oasis (ROSE) to reach $0.80.
Featured image from Pexels, chart from TradingView
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