Analyst Bullish on Memecoins PEPE and POPCAT, Predicts Impending Rallies
Release: 2024/06/27 23:24 Reading: 246
PEPE and POPCAT Poised for Surges, Analyst Claims
A prominent crypto analyst has predicted substantial gains for PEPE, citing its recent ABC corrective movement, which typically precedes a five-wave upswing.
PEPE
Frog-themed meme coin PEPE is expected to experience a significant rally, despite a recent 20% dip. Currently trading at $0.00001249, PEPE holds the third-largest market capitalization among meme coins, behind Dogecoin and Shiba Inu.
Analyst Bluntz Capital attributes PEPE's potential rally to an imminent five-wave surge following an ABC correction. This analysis is based on Elliot Wave theory, which examines investor sentiment and psychology to identify long-term price patterns.
POPCAT
Bluntz Capital also anticipates further gains for POPCAT, a Solana-based meme coin. Its price trend, the analyst notes, mirrors that of Dogwifhat in March, which subsequently reached unprecedented highs.
Investor Sentiments
Another analyst emphasizes the importance of HODLing (holding indefinitely) PEPE, suggesting that a period of consolidation may precede a price breakout.
Despite recent market volatility, PEPE remains a strong performer, with a year-to-date gain of 860%, second only to WIF among the top 100 coins.
POPCAT, the overall top performer this year, has surged 7,000%, reaching a market capitalization of $561 million. Bluntz Capital forecasts continued growth for this meme coin.
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