A well-known crypto analyst, known as Bluntz, is predicting big things for Pepe (PEPE), a memecoin based on the popular internet frog. He believes PEPE could more than double in price, reaching a new all-time high of $0.22.
Why Pepe?
Bluntz, who has a massive following on social media, compares his crypto investments to a horse race, with PEPE being his “fastest horse.” He uses technical analysis to identify promising trends, and believes PEPE is currently showing strong signs of growth.
Sui: The Solana Killer?
Bluntz is also bullish on Sui (SUI), a layer-1 blockchain project often referred to as a “Solana killer.” He sees SUI in the middle of a strong upward trend, and predicts it could reach $2.60 before correcting and continuing its climb to new highs.
Technical Analysis: Elliott Wave Theory
Bluntz uses Elliott Wave theory to analyze market trends. This theory suggests that asset prices move in predictable patterns, with five waves of upward momentum followed by three waves of correction. Based on his analysis, Bluntz believes both PEPE and SUI are in the midst of these upward waves.
Disclaimer:
It’s important to remember that this is just one analyst’s opinion. Crypto markets are volatile, and investments carry inherent risks. Always do your own research before investing in any cryptocurrency.
