Crypto analysts shift to Dogwifhat, Solciety, & Dogecoin as altcoins eye early breakouts

    The crypto market displays a downward stance as Bitcoin (BTC) hovers below the $61.5K mark.

    Nevertheless, declining Bitcoin dominance shows altcoins will lead the upcoming market rebound.

    #altcoin bull market confirmed ✅

    The Bitcoin Dominance has broken down from the rising wedge confirming the #altseason 🚨

    — CryptoJack (@cryptojack) June 29, 2024

    Dogecoin (DOGE) attracts attention due to its potential 400% breakout, while Dogwifhat (WIF) targets $11 by November 2024.

    While that indicates bullish sentiments for altcoins and themed tokens, political-tied Solciety (SLCTY) seems positioned to outperform the crypto industry in the next bull run.

    Dogwifhat ready for explosive moves

    The canine-themed crypto is gaining attention, with analysts forecasting massive uptrends.

    A well-known crypto expert, Bluntz Capital, displayed his confidence in Dogwifhat.

    don’t be afraid to dream a little bigger.$WIF

    — Bluntz (@Bluntz_Capital) July 1, 2024

    He trusts that the meme token will remain elevated in the upcoming market rally and hit $11 by November.

    Bluntz uses Elliott Wave Theory and has made a name as among the most accurate pundits.

    WIF changed hands at $2.12 at press time, down 7% over the past day.

    The notable decline comes as the altcoin loses steam following last week’s 20% uptick.

    Dogwifhat gained over 1,300% in the past year, but the recent market-wide slump left it down 35% over the past month.

    Despite the latest struggle, mixed sentiments around Dogwifhat are turning positive.

    Javon Marks, another renowned analyst, predicted a solid surge to $7.30 for WIF prices.

    $WIF (dogwifhat) after what looks to have been clear Bull Pennant and breakout, broke down, but in the process confirmed bull indications that can be indicative of a full recovery and continuation!

    The breakdown may have only been a shakeout, and a >3.33X from here to the $7.30…

    — JAVON⚡️MARKS (@JavonTM1) June 26, 2024

    Solciety: a one-of-a-king meme token

    Solciety is another Solana-based themed cryptocurrency looking to outperform the markets in 2024.

    The new project, currently at stage 4 of its presale, aims to democratize the markets by standing against dull memes, pathetic gains, and crappy politics.

    Solciety leverages the power of non-fungible tokens, Solana memes, and themed crypto culture to position itself above the rest in the marketplace.

    Besides harnessing that Degen trifecta, political ties set Solciety for remarkable performance in the upcoming months.

    Elections will dominate leading economies, including the USA, Mexico, India, Indonesia, and the UK, in 2024.

    PolitiFi tokens, including Solciety’s native SLCTY, will capitalize on this buzz for significant price actions.

    Should you invest in Solciety?

    Solciety could be a perfect project for individuals looking to make it big with meme tokens for the long term.

    With the political arena gaining massive attention, especially after the latest US presidential debate,

    PolitiFi coins and Solciety remain the hottest digital assets in 2024.

    Moreover, Solana-based memes grow faster (about 2x) than Ethereum ones, positioning SLCTY for 100x gain this year.

    Early investors can grab SLCTY at $0.002222 per token before the next price increase.

    Dogecoin’s 400% breakout

    Cryptocurrency analyst Javon Marks triggered optimism within the Dogecoin community with enormous price forecasts.

    Marks speculated that the leading meme coin could explode by 404% towards $0.6533.

    $DOGE (Dogecoin) and its next leg up towards the current breakout target @ $0.6533 may be a matter of time and prices could be preparing here for a break above!

    As of current, with a price breakout holding, a roughly +404% run to reach this target can be loading…

    — JAVON⚡️MARKS (@JavonTM1) June 30, 2024

    He believes the expected move will surprise enthusiasts as it is around the corner.

    This move would see DOGE rallying to yearly peaks, overpowering bearishness that has seen it underperforming other memes in the past year.

    Marks added that Dogecoin might witness more parabolic surges to historic highs.

    The expert believes the altcoin has all it takes to hit $17 in the next rally, considering DOGE’s history of exceeding previous highs.

    The meme token traded at $0.1225 during this writing, down 0.97% on its daily chart.

    You can find more Solciety details here.

    The post Crypto analysts shift to Dogwifhat, Solciety, & Dogecoin as altcoins eye early breakouts appeared first on Invezz

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...