A popular crypto trader is betting big on a memecoin called Moo Deng (MOODENG) built on the Solana blockchain. This hippo-themed coin has seen a massive 10x increase in price over the past two months, and the trader thinks it’s still a good buy.
Moo Deng: A Bullish Bet?
The trader, known as Bluntz, has over 288,000 followers on social media and sees potential in MOODENG despite its recent dip. He points to a technical indicator called bullish divergence, which suggests the coin might be ready for a rebound.
He also believes that MOODENG is undervalued, especially considering its current market cap of $150 million.
Dogecoin Still Strong
Bluntz isn’t just bullish on MOODENG. He’s also optimistic about Dogecoin (DOGE), the biggest memecoin out there. He’s impressed by DOGE’s recent performance against Bitcoin, suggesting it’s outperforming other cryptocurrencies.
Sui on the Rise?
Finally, Bluntz is keeping an eye on Sui (SUI), another cryptocurrency. He believes that Sui is close to reaching its all-time high, potentially breaking through to new highs based on his technical analysis.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before investing in cryptocurrencies.
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