Crypto analyst Alex Saunders is following the path for Dogecoin (DOGE) and XRP, predicting that both are headed for drastic steps.
The analyst, who named Bitcoin’s slump from $ 58,000 to below $ 45,000 in February, warns all DOGE owners.
Speaking to Ticker News, Saunders discusses the impact Elon Musk, who hosts the popular US sketch show Saturday Night Live, will have on the price of Dogecoin.
“Elon Musk was one of the people who tweeted a lot about Dogecoin. He’s on Saturday Night Live, which is a huge show in America, and now there’s all this speculation that he’s going to be talking about Dogecoin, and there’s a trending meme that goes “Dogecoin for a Dollar”.
That actually started when Dogecoin was pennies and today I think we hit $ 0.60 or $ 0.70 so it’s amazing. It’s in a bubble right now. It’s going to pop, but I wouldn’t be surprised if it was a sell-the-news event. We may have hit a dollar, but I think it’s going to pop before that Saturday Night Live that everyone is looking forward to and hopping for. “
While Saunders instinctively believes Dogecoin will go down, he says the asset has gained some legitimacy in popular media as Shark Tank star and Mavericks owner Mark Cuban started making DOGE payments at events and online -To accept his team’s shop.
While DOGE is still a joke among those in the crypto room, Saunders notes, it may be wrong and it will have some persistence in society.
How the Dogecoin mania will affect other top crypto assets, Saunders says XRP will see a massive upward trend in the face of retail-led trading.
“And still 100% until the previous ATH …
“The same retail money that DOGE is chasing will soon be chasing XRP.” I believe that every 4 years, XRP has a good chance of pumping the hardest. “
XRP has been temporarily usurped by Dogecoin as the fourth largest crypto asset by market capitalization. XRP has a market cap of $ 74 billion while Dogecoin is valued at around $ 76 billion at the time of writing.
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Featured image: Shutterstock / Wlad74