Analysts Detail 2023 Price Targets for XRP, Dogecoin, Avalanche and Seven Additional Crypto Assets

A popular crypto strategist believes that a number of altcoins, including XRP, Dogecoin (DOGE), and Avalanche (AVAX), will trade significantly higher over the next 12 months.

Pseudonymous Altcoin Sherpa Analyst recount his 187,700 Twitter followers that he thinks the macro backdrop will likely improve by December 2023, which could trigger rallies for many altcoins.

“I think the overall macro environment will be a bit better by the end of 2023. I also think we’ve seen a lot of Q4 rallies in 2017, 2020, 2021 and altcoin is rallying most Q4s of those years, plus 2018/2019 The Alts had rallies almost every year in the fourth quarter.

Looking first at the top two cryptos by market capitalization, Altcoin Sherpa predicts that Bitcoin (BTC) will likely hit $35,000 around the same time next year, with Ethereum (ETH) surging to $3,200.

The crypto analyst also sees smart contract protocols Solana (SOL) and Avalanche rising to $35 and $25, respectively. As for Binance Coin, the utility token of crypto exchange Binance, Altcoin Sherpa says that BNB will likely hit $400 next year.

Crypto strategist sees payment solution XRP rising to $0.60 by December 2023. Meanwhile, major meme token Dogecoin could see a decent spike at $0.10 in the next 12 months, according to Altcoin Sherpa.

Other coins on Altcoin Sherpa’s list include decentralized oracle solution Chainlink (LINK), blockchain scaling solution Polygon (MATIC), and interoperable protocol Polkadot (DOT).

The crypto analyst believes that LINK could potentially surge to $14 around the same time next year, with MATIC climbing to $1.75 and DOT bouncing to $9.

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