2 - 4 minute read
A popular crypto trader has predicted that an epic altcoin season is almost upon us. The trader predicts that this season will see Dogecoin (DOGE) rise in value. This article will analyze the implications of this prediction for traders.
Credible Crypto is well-known in the world of cryptocurrency for his accurate predictions. He has over 339,900 followers on Twitter, where he makes his predictions. Credible Crypto believes that Bitcoin will hit a new all-time high (ATH) in 2023, before altcoins enter their own euphoric phase. He expects that as BTC keeps climbing, money will flow out of altcoins, including DOGE, and into BTC. This will result in a slow bleed down on many alts until BTC breaks its prior ATH and new money comes flowing back in.
Furthermore, Credible Crypto believes that the mother of all alt seasons is upon us, which will see an increase in the value of Dogecoin. He indicates that picking up DOGE at the $0.05 level would lead to a 20x return back to all-time highs. While he has never bought DOGE before, he believes that the token will have its place during the alt season.
Credible Crypto’s predictions are significant, given his reputation in the crypto world. He believes that Bitcoin will soon experience a parabolic rally, which will be followed by a bleed-out of many altcoins, including DOGE. Traders should be aware that the current scenario is a great opportunity to buy DOGE since picking up DOGE at $0.05 can lead to a return of 20x all-time highs.
Traders should pay attention to Credible Crypto’s predictions. If they believe that BTC will reach a new ATH, they should consider purchasing DOGE at the $0.05 level. This can lead to substantial returns when the alt season finally arrives. However, traders should be aware of potential risks. BTC may experience a lengthy consolidation period or sudden drop in price, which would affect DOGE’s value.
The Bottom Line
Credible Crypto’s prediction of a new ATH for Bitcoin, followed by an altcoin season, offers traders an opportunity to make good returns. Traders should pay attention to DOGE, which is predicted to rise during this season. However, traders should be cautious about their investment, as sudden drops in Bitcoin’s price can affect DOGE’s value. With the knowledge of these factors, traders can make informed trading decisions that could lead to significant returns.
