Analyst Predicts Explosive Growth for Altcoin and Meme Tokens
Release: 2024/03/08 14:54 Reading: 980
You can also read this news on COINTURK NEWS: Analyst Predicts Explosive Growth for Altcoin and Meme Tokens
Cryptocurrency markets’ popular analyst Bluntz has put forward a bullish expectation for an altcoin within the leading smart contract platform Solana (SOL) ecosystem, which reached triple digits in four weeks. Here are the details!
“Explosive Rally for WIF”
Known by the pseudonym Bluntz, the cryptocurrency analyst suggested on social media platform X that the popular meme token dogwifhat (WIF) is ready for an “explosive” rise after forming a V-shaped recovery on the hourly chart.
According to the data shared by the crypto analyst, the meme token has completed a three-wave pattern indicating the end of a correction according to Elliott Wave theory. Elliott Wave theory posits that the price of an asset moves in a five-wave pattern during the main trend and in a three-wave pattern during a corrective trend.
At the time of writing, WIF was trading at $2.08, marking a 994% increase from its February 7th price of $0.190. According to the analyst, WIF could gain up to 44% from its current level in the next leg of the rally. The analyst stated the following regarding the matter:
The next targets are $2.50 and $3, but you might not believe it.
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PEPE Predictions
Bluntz also provided his predictions for Pepe (PEPE), a meme token that recorded triple-digit gains in the last 30 days. Noting that the meme token has not experienced a significant drop, he included the following statements:
PEPE hasn’t seen a sudden drop yet, it still looks corrective. We expect new rises from this level.
In conclusion, cryptocurrency analyst Bluntz foresees a significant rise for an altcoin within the Solana (SOL) ecosystem. He also indicated the potential for growth in meme tokens WIF and PEPE. He highlighted that WIF is showing signs of an uptrend based on Elliott Wave theory. At the time of writing, PEPE was trading at about $0.000008116, up approximately 780% over the past month. The 1000PEPE perpetual contract follows the Pepe token and represents 1000 PEPE tokens, as the symbol suggests.
The post first appeared on COINTURK NEWS: Analyst Predicts Explosive Growth for Altcoin and Meme Tokens
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