The cryptocurrency market is no stranger to bullish predictions, especially given the current positive market sentiment. According to a crypto 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 months.
In his recent article, Scofield shared a list of price targets for various cryptocurrencies, including well-known tokens such as Dogecoin and XRP. Among notable predictions, he suggested that Dogecoin could reach $3, while XRP could reach $5, describing these price levels as “a matter of time.”
Price predictions to boost crypto investors
Although the position in which this analyst pointed out that these bullish price targets do not come with technical analysis and potential time frames, this nevertheless plays into the current bullish sentiment surrounding these cryptocurrencies.
XRP, for example, is in progress ultra-bullish inflows and buying pressure crypto traders, causing its price to trade at its highest level in over three years. At the time of writing, XRP is trading at $1.93, which is its highest level since 2018. This impressive rally has reignited interest in the token and it is only a matter of time before XRP price rises. exceeds the critical threshold of $2.
The price of
Scofield’s assertion that the price of XRP could reach $5 fits with the bullish sentiment surrounding the token since the US presidential elections. Additionally, the expected change in SEC leadership has also caused the price of XRP to rise more than many expected. However, reaching $5 would require the XRP price to surpass its current all-time high of $3.40 and maintain constant trading volume.
Another interesting aspect of Scofield’s predictions is the projection of Dogecoin reaching $3. This the prediction resonates the continued enthusiasm around the token, which has attracted renewed attention from retail and institutional investors.
Dogecoin, like XRP, is trading at multi-year highs, recently climbing to $0.4759. This is notably the highest level that the price of Dogecoin has reached in three years. For Dogecoin, reaching the expected $3 mark would result in a 530% increase from $0.4759.
Other Predictions: Broader Bullish Sentiment
Scofield’s list extends beyond Dogecoin and XRP, as it covers several altcoins with equally ambitious goals. In particular, he envisions Fetch.ai (FET) climbing to $10, Fantom (FTM) to $5 and Injective Protocol (INJ) to $150. Additionally, he predicted that VeChain (VET) would hit $0.25, Coti (COTI) would hit $1, and Oasis (ROSE) would hit $0.80.
Featured image from Pexels, chart from TradingView