In 2018, the anonymous crypto analyst Bluntz, who correctly predicted the bottom level of Bitcoin, is forecasting that two altcoins within the top 50 will gain value. Here are the details about the expected rise of the altcoins on the analyst’s radar.
Bluntz expressed his positive views on Solana (SOL), which is among the top 50 altcoins. Through his personal X (formerly known as Twitter) account, he told his followers that SOL will gain value against Bitcoin (SOL/BTC). The upward trend in the SOL/BTC chart indicates that Solana will also start to rise against the US dollar.
Bluntz stated, “This is my new prediction for the SOL/BTC pair. In my first share, it experienced a rapid rise in five waves from the bottom point, and now it has gone through another ABC correction. I think time is up for the SOL/BTC trading pair. I have no idea to which levels the US dollar trading pair will go, but I really expect it to exceed $140 and even go above this level.”
As of the writing of this article, SOL is trading at $73.65 and needs to show an increase of over 90% to reach at least the $140 target.
Bluntz also drew attention to Aave, the governance token of the decentralized finance (DeFi) lending protocol. Expecting a major rally for AAVE, the analyst said, “A giant three-day candle was burned in AAVE, and it has officially changed course. I think it has plenty of fuel to rise, and I’m not targeting anything below the $200 level.”
As of the writing of this article, AAVE is trading at $108.13 and needs to show at least an 85% increase to meet the analyst’s $200 target.
Finally, speaking about Bitcoin and Ethereum (ETH), Bluntz mentioned that he initially hesitated but now expects an upward trend for both cryptocurrencies. The analyst had previously warned of a downturn after ETH and BTC retreated from the rising channel tops.