Cryptocurrency markets have been undergoing a correction after rising sharply over the past few days. A market rally led by Bitcoin (BTC) has pushed a variety of assets to significant highs. Dogecoin (DOGE) was the top performer. While BTC is trying to break through the $90,000 mark, other cryptocurrencies are trying to get back on track. A prominent cryptocurrency analyst has revealed various predictions for assets such as DOGE and XRP.
Dogecoin’s trajectory takes a hit
Despite the drop in Dogecoin prices, an analyst named Ash Crypto has a positive forecast for the meme coin. Ash Crypto predicts that Dogecoin will increase in price by $1 to $3 in the next 6 to 12 months. Reaching this level would mean a price increase of 133% to 600%.
Notably, DOGE is trading 51% below its all-time high of $0.7376. The asset reached this peak in 2021, about four years ago.
Will Ripple’s cryptocurrency hit new all-time highs?
The analyst also set a price for Ripple’s XRP. While most assets are in a downtrend, XRP has gained a staggering 16% in the past 24 hours. At press time, the altcoin is trading at $0.8098. This has further led to multiple bullish bets on XRP, which has reached as high as $1 this month.
Ash Crypto estimates that the price of XRP will fluctuate between $3 and $5 over the next 6 to 12 months. In doing so, XRP’s price will eventually exceed its all-time high of $3.40, which has remained stable for the past seven years.
In addition to Dogecoin and XRP, the analyst also made predictions for several other well-known assets in the market.
