An analyst known as Bluntz, who achieved the “Master Trader” status on the crypto exchange Bybit, is highly optimistic about the potential of one frog-themed memecoin to outperform most digital assets in the market.
Bluntz, sharing insights with his 276,300 followers on the X social media platform, predicts that Pepe (PEPE) could experience a significant rally, possibly more than doubling in value to reach a new all-time high of $0.22.
Backing his prediction with a chart, Bluntz explains his strategy of comparing meme positions to determine the strongest performer and allocating the highest investment to it. He believes that PEPE is currently the leading contender among his holdings.
At the time of writing, PEPE is trading at $0.000112, marking a 5% increase for the day.
Bluntz also highlights another altcoin in his portfolio, Sui (SUI), a layer-1 crypto project often hailed as a potential rival to Solana (SOL).
According to Bluntz, SUI is currently in the midst of a strong wave three surge, with the potential to reach close to $2.60 before completing its five-wave rally.
Bluntz relies on Elliott Wave theory to make his predictions, suggesting that SUI could surpass $2 during its third wave before undergoing corrections and reaching new highs.
As of now, SUI is valued at $1.71.
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