Famous Analyst Compares This Memecoin’s Rise to Bitcoin’s Surge!
A cryptocurrency trader, known for his striking predictions on social media, suggests that an Ethereum (ETH)-based memecoin is gearing up for a significant surge.
A cryptocurrency trader known for his striking predictions on social media has indicated that an Ethereum (ETH)-based memecoin is preparing for a significant surge. The analyst, who shares insights under the pseudonym Bluntz, revealed that he has PEPE on his radar.
Bluntz examined the two-hour charts of PEPE and noted a resemblance to Bitcoin’s (BTC) price movements when it was trading at around $16,000 in January 2023, during its dip. The analyst finds this similarity noteworthy and believes that PEPE could follow a similar upward trend.
“This morning, I analyzed PEPE and felt a sense of déjà vu, as if I had experienced this situation before. At that time, BTC was trading around $16,000.”
In January of last year, Bitcoin hit its low, but by March of this year, it surged to an all-time high of $73,737. This represents an increase of over 360% in about 15 months. At the time this report was written, Bitcoin was trading at $63,850, while PEPE was valued at $0.0000094.
These Memecoins Could Stand Out!
Bluntz also mentioned a few memecoins that he predicts will rise faster than other altcoins when the market gains momentum.
“I believe memecoins will outperform all other assets during the bull run. The simplest strategy is to pick some coins with frog, dog, and cat themes: CAT, POPCAT, PEPE, WIF, FLOKI.”
Bluntz also assessed BNB, the native cryptocurrency of the BNB Chain.
According to the trader, BNB appears to be ready for a significant surge and could break toward all-time highs. Bluntz stated, “BNB has one of the cleanest charts on higher time frames. The consolidation under the previous peak has made a strong comeback after sweeping both the upper and lower levels. Such formations are rare and carry immense potential. I expect BNB to challenge the $1,000 level soon.”
Note: This is not investment advice
