Prominent cryptocurrency analyst, known as Bluntz, has predicted a substantial price increase for Ethereum-based memecoin PEPE. Using his social media platform X, Bluntz highlighted similarities between PEPE’s two-hour chart and Bitcoin’s price movements when it dropped to $16,000 in January 2023.
PEPE’s Potential Rise Compared to Bitcoin
Bluntz remarked, “This pattern feels familiar; it mirrors Bitcoin’s $16,000 dip.” Bitcoin’s dip in January 2023 was followed by a remarkable surge of over 360% in 15 months, reaching an all-time high of $73,737 in March 2024. At present, Bitcoin is trading at approximately $64,000, while PEPE is valued at $0.0000094, suggesting similar growth potential for PEPE.
The analyst also mentioned other memecoins like CAT, POPCAT, WIF, and FLOKI, indicating they might outpace other altcoins during a market uptrend. According to Bluntz, these coins, including PEPE, have the potential to stand out in the market.
BNB Expected to Hit $1,000
In addition to PEPE, Bluntz also foresees significant gains for BNB, the primary asset of the BNB Chain. The analyst pointed out that BNB’s chart shows a promising and clear formation on a higher time frame. Currently trading at $579.86, Bluntz believes BNB could soon achieve a new all-time high of $1,000.
Key Insights
Key points to consider based on Bluntz’s analysis:
- PEPE might follow Bitcoin’s historical price surge pattern.
- Memecoins like CAT, POPCAT, WIF, and FLOKI could outperform other altcoins.
- BNB shows a strong upward potential with a target of $1,000.
Considering these insights, investors might find opportunities in these highlighted cryptocurrencies.
Bluntz’s forecasts offer a compelling look at potential market movements for PEPE, BNB, and other memecoins, indicating a favorable trend for savvy investors.