Dogecoin price is surging in the past few hours after rebounding from the daily lows at around $0.1138. The popular memecoin surged massively in the recent past which elevated the prices from $0.0743 to as high as $0.15, reclaiming the levels it traded before the May 2022 market collapse.
Meanwhile, the crypto whales have begun to accumulate some altcoins which displayed the possibility of a bullish action amid the DOGE price rally.
A popular crypto influencer, Ran Neuner lists 3 altcoins which could go parabolic very soon following the Dogecoin rally.
The analyst pointed out a couple of altcoins including Chainlink that he believes to be highly undervalued at the moment & also suggested that it could be a good time to accumulate some. Further, he says that DOGE’s price is also looking great in terms of growth prospects amid Twitter’s acquisition by Elon Musk.
Moreover, be believes DOGE may also be integrated into Twitter’s various use cases. Along with Chainlink & Dogecoin, analyst foresees huge potential in popular NFT, Chiliz (CHZ). As the FIFA World Cup is around the corner, the possibility of pumping CHZ price is making huge rounds. Presently, CHZ’s price is trading at $0.21 after plunging by 2.04% in the past 24 hours after surging by 14.01% in the past 7 days.
Therefore, the market sentiments appear to have flipped a bit with many positive factors attempting to propel the popular crypto assets in the market. Therefore, finding some stability in the top cryptos, the altcoins are also expected to follow and thrive hard.
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Source: https://coinpedia.org/price-analysis/dogecoin-remains-a-dominant-factor-within-markets-altcoins-gear-up-amid-doge-price-rally/