The cryptocurrency market is witnessing intense discussions around critical financial events in an effort to gain momentum. Potential rate cuts by the Federal Reserve and the impact of the upcoming US elections could trigger significant market movements.

In this context, famous crypto analyst Altcoin Sherpa predicts strong growth potentials for Dogecoin and another popular altcoin with Turkish investors' favorite Bitcoin.

Despite recent market fluctuations, Dogecoin (DOGE) continues to attract the attention of investors. Altcoin Sherpa predicts that DOGE could experience a significant rise in the next six to twelve months, reaching $0.50. This represents a 275% increase from current levels. However, he notes that returns this cycle may not be as high as in the past due to Dogecoin's market cap limitations. Currently, DOGE is trading at approximately $0.1351 and is up 4% on the day and more than 7% on the week.

After Dogecoin, another asset that Altcoin Sherpa draws attention to is Ripple (XRP), which Turkish investors are interested in. The analyst states that XRP showed a strong performance, especially after exceeding the $0.58 resistance level. XRP is currently trading at approximately $0.6018 and is up 0.3% on a daily basis and 1.5% on a weekly basis. Altcoin Sherpa predicts a potential upside for XRP, placing the next resistance level at $0.75.

Market leader Bitcoin (BTC) has also become the focus of Altcoin Sherpa's attention. The analyst predicts that Bitcoin will test $70,000 after a successful retest of the resistance level at around $65,000 as support. At the time of writing, Bitcoin is trading at approximately $68,350 and is up 1.7% daily and 2.66% weekly. This outlook signals strengthening momentum for Bitcoin and could point to higher levels in the coming weeks.

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