This week, the price of bitcoin and other cryptocurrencies fell. The price of bitcoin fell below $44,000, losing around 7 percent of its worth.
Other major cryptocurrencies are also on the decline. Although the global cryptocurrency market capitalization surpassed $2 trillion.
A well-known expert who correctly forecasted the low point of Bitcoin (BTC) in the second half of 2018 is predicting bullish prospects for two crypto assets.
Is Dogecoin (DOGE) Price on a rise?
Following a minor pullback and a rise in buying activity, pseudonymous crypto expert Smart Contracter tells that he has purchased Dogecoin (DOGE).
According to Smart Contracter’s charts, Dogecoin is on the rise after breaking out of a downward-sloping trendline on the daily chart.
“Longed some Dogecoin on this pullback today after yesterday’s strong breakout on volume. Been a while since I have owned a meme coin but I’m here for it.”
The 16 percent increase on April 5 was Dogecoin’s highest single-day gain in over four months. Regardless, the coin managed to erase all of the losses that had occurred throughout 2022 in a single shot.
Elon Musk, the DogeFather, being a member of Twitter’s Board of Administrators may have been an indirect set off for the coin.
SYN Price Eyeing 100% Upswing
Synapse, a cross-chain protocol that permits the transfer and exchanging of assets between Ethereum (ETH) and other smart contract-enabled blockchains, is also a bright spot for the trader (SYN).
The coin, according to the trader, may return more than 100 percent after rising by more than 50 percent in just seven days when matched against Ethereum.
“SYN now +50% in a week and hasn’t even broken out yet. This could easily turn into a multi-bagger.”
Synapse is on an uptrend, according to Smart Contracter, after undergoing a three-wave correction based on Elliott Wave theory. According to Elliott Wave Theory, the main trend follows a five-wave pattern, whereas a correction follows a three-wave pattern.