Renowned cryptocurrency analyst Bluntz, known for his accurate 2018 bear market predictions, has now turned his attention to an emerging memecoin. Bluntz is forecasting a monumental price surge for this digital asset, which is built on the Solana network. He has identified a specific altcoin that he believes is on the cusp of reaching an unprecedented price point.
Meme Coin Set to Surge to Uncharted Prices
Bluntz, an analyst with a substantial following on social media channel X, has suggested that the memecoin dogwifhat (WIF) is poised to hit an all-time high of $4.50. This prediction is based on the Elliott Wave theory, a model that predicts market trends through a pattern of five waves. Despite a recent downturn, the analyst insists that WIF is only one leg away from completing this cycle and achieving the projected record price.
Trading at $3.06 at present, WIF has experienced a remarkable growth of over 35% in just one day. This price increase reflects a surge in investor interest, with many eagerly anticipating the token’s continued ascent.
Confidence in Solana’s SOL Growth
Moreover, Bluntz expresses a positive outlook not just for WIF but also for Solana’s native token, SOL. He notes that SOL has outperformed other altcoins during the market’s low points, suggesting it has substantial potential for further gains.
Contrary to the common investment approach of buying low, Bluntz strategically targets assets that have demonstrated resilience during downturns. With SOL’s recent 8% increase, crossing the $200 mark, the analyst’s approach appears to bear fruit. The coin’s stability and momentum amidst the market’s volatility make it an attractive option for investors seeking promising returns despite broader market uncertainties.