A crypto strategist known for his timely altcoin calls believes that the original assets of a layer-1 project are gearing up to witness the first uptrend.
Top trader Bluntz tells his 275,200 followers on social media platform
An IHS is typically viewed as a bullish reversal pattern because it indicates that investors are no longer waiting for the price to bottom again before accumulating the assets.
Says Bluntz,
“I still think SAGA has one of the best mid-cap structures in the $200 million range and a fairly new coin without an initial run.
Huge IHS bottom breakout with volume.
Easy multiples, in my opinion.”
At the time of writing, SAGA is worth $2.46 with a market cap of over $251 million.
Bluntz is also bullish on the Binance Smart Chain-based memecoin Simon’s Cat (CAT). According to the top trader, CAT will be the top cat-based memecoin this bull cycle as he thinks the coin will rise to a market cap of $1 billion.
“Everyone thinks POPCAT will be the winning cat coin of this cycle, but I disagree, I think CAT will be.
Simon’s cat [is] widely recognized with standards and the card is gearing up for a major breakthrough in the channel in my opinion.
CAT to a Billy is coded.”
At the time of writing, CAT is trading at $0.000042 with a market cap of $285 million.
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Generated image: DALLE3