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Analyst Announces 2023 Prospects for DOGE, AVAX, SOL and These Altcoins

A popular crypto strategist thinks that some altcoins, including XRP, DOGE and AVAX, will gain more in the next 12 months. The crypto analyst known as “Altcoin Sherpa” said he thinks the macro ground will most likely improve by December 2023, which could set a rally for many altcoins.

“I think that the overall macro environment will be a little better by the end of 2023. I also think that we have seen a lot of Q4 rallies in 2017, 2020, 2021 and altcoin rallies most Q4s in those years + 2018/2019. Alts have had rallies nearly every year in Q4.”

Looking first at the top two cryptocurrencies by market cap, Altcoin Sherpa estimates that Bitcoin will likely hit $35,000 and Ethereum to $3,200 in the same period next year.

“$BTC: I think we will see a rally into Q1 and then more pain later. I think we likely see an overall range form between 15-30k for most of the year, w. deviations on both ends.

$ETH: I think outperforms btc overall and could potentially be that way going forward.”

The crypto analyst also claims that smart contract protocols Solana (SOL) and Avalanche could rise to $35 and $25 respectively. Altcoin Sherpa says crypto exchange Binance’s utility token BNB will likely hit as high as $400 next year. The crypto strategist predicts that the payment solution XRP will rise to $0.60 by December 2023. According to altcoin Sherpa, the leading prank-themed token Dogecoin could also see a decent rise to $0.10 in the next 12 months.

“Coins most likely to go apeshit at least once in 2023: $XRP and $DOGE Those 2 are highly unpredictable and I wouldn’t be surprised to see those do a 2-3x run at least once in 2023.

$SOL: I think recovers but depends on the overall selling pressure from FTX/SBF.”

Other cryptocurrencies on Altcoin Sherpa’s list include Chainlink (LINK), Polygon (MATIC), and Polkadot (DOT). The crypto analyst believes LINK will potentially jump to $14 in the same period next year, MATIC to $1.75 and DOT to $9.

“$BNB Is still strong, I think that binance fud blows over and they still remain the #1 player in the crypto ecosystem.

$MATIC: I think has good chances in 2023, their BD and partnerships seem good.

$AVAX: Not so sure tbh. Could be a dead chain going forward, hard to say.

$DOT: I think is still mostly a dead chain , never captured much attention.

$LINK chart looks good and should still be a top oracle.”

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