A popular crypto influencer, recognized for their timely altcoin forecasts, is adopting a bullish stance on memecoins.
The pseudonymous trader Bluntz informs his 276,300 followers on the X platform that several meme tokens are experiencing significant breakouts, suggesting that we may be entering a memecoin season.
One altcoin capturing his interest is the Solana (SOL)-based memecoin Bonk (BONK).
“BONK is part of my Noah’s ark portfolio, and it had a nice channel breakout today.”
“I believe things are about to get wild with memecoins again.”
According to the trader’s analysis, he anticipates that BONK could rise to $0.000045. As of now, BONK is traded at $0.000023, reflecting an increase of over 7% for the day.
Bluntz also predicts that memecoins will continue to see substantial rallies, likely outpacing most other crypto assets.
“A memecoin supercycle is underway; the issue was that many people had poor timing.”
“Select your coins, get positioned, and remain calm; don’t sell too early.”
The crypto analyst specifically names several memecoins he believes will spearhead the crypto market rally, including Pepe (PEPE), Bonk, dogwifhat (WIF), Popcat (POPCAT), and Simon’s Cat (CAT).
Bluntz also shares his perspective on Bitcoin (BTC). He had previously forecasted a correction in Bitcoin down to the $57,500 mark before it would begin a parabolic upward trend to $95,000.
However, the analyst now suggests that recent price movements indicate Bitcoin may initiate a parabolic rally without experiencing a significant dip.
“Given today’s market behavior, I feel we’re likely to surge upward without the dip. I’m still fully invested.”
Bitcoin’s current trading price is $65,809, showing a slight increase for the day.
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Disclaimer: The views expressed at The Daily Hodl are for informational purposes only and should not be taken as investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Your transactions and trades are conducted at your own risk, and any potential losses are your responsibility. The Daily Hodl does not endorse the purchasing or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl is involved in affiliate marketing.
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