A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins.
Pseudonymous trader Bluntz tells his 276,300 followers on social media platform
One altcoin on his radar is the Solana (SOL)-based memecoin Bonk (BONK).
“BONK is in my Noah’s Ark portfolio, also a nice channel breakout today.
In my opinion, things are about to get crazy again with memecoins.”
Looking at the trader’s chart, he seems to predict that BONK will rise to $0.000045. At the time of writing, BONK is worth $0.000023, up over 7% on the day.
Bluntz too predicts that memecoins will continue to see massive rallies on their way to outperforming most crypto assets.
“The Memecoin super cycle is real, the problem was that most people’s timing was just off.
Choose your fighters, get in position and relax, don’t sell too early.”
The crypto trader specifically mentions a handful of memecoins that he thinks will lead the crypto market rally, including Pepe (PEPE), Bonk, dogwifhat (WIF), Popcat (POPCAT), and Simon’s Cat (CAT).
Bluntz also gives his view on Bitcoin (BTC). The trader previously predicted that Bitcoin would first witness a correction to the $57,500 level before a parabolic rise to $95,000.
But the analyst now say that BTC’s price action lately leads him to believe that Bitcoin is likely to stage a parabolic rally without any major dip.
“In light of today’s price action, I think it looks like without the dip portion, we’ll just move higher. Still maximum long.”
Bitcoin is trading at $65,809 at the time of writing, up fractionally on the day.
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Generated image: Midjourney