Analyst Details 2023 Price Targets for XRP, Dogecoin, Avalanche and Seven Additional Crypto Assets

A popular cryptocurrency strategist believes that many altcoins, including XRP, Dogecoin (DOGE) and Avalanche (AVAX), will trade significantly higher in the next 12 months.

Pseudonym Analyst Altcoin Sherpa To tell His 187,700 Twitter followers believe the macro backdrop is likely to improve by December 2023, potentially setting a rally for many altcoins.

I think the overall macro environment will get a little better by the end of 2023. We also saw a lot of Q4 gains in 2017, 2020 and 2021, and altcoins have been in Q4 for most of those years. It’s been up four quarters and I think it went up in 2018/2019.Alts are up in the fourth quarter almost every year.”

Looking first at the top two cryptocurrencies by market capitalization, Altcoin Sherpa predicts Bitcoin (BTC) will surge to $35,000 and Ethereum (ETH) to $3,200 over the same period next year.

Crypto analysts also see smart contract protocols Solana (SOL) and Avalanche rising to $35 and $25 respectively. As for Binance Coin, the utility token of crypto exchange Binance, BNB is likely to rise to $400 next year, according to Altcoin Sherpa.

Crypto strategists see XRP in payment solutions rising to $0.60 by December 2023. Meanwhile, Dogecoin, a leading meme token, could surge to $0.10 in the next 12 months, said Altcoin Sherpa.

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

Crypto analysts believe LINK could rise to $14 around the same time next year.

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