A respected cryptocurrency analyst known as Bluntz believes the decentralized storage altcoin Filecoin (FIL) is on the verge of a significant rally.
FIL on the Rise
According to Bluntz, FIL has broken out of a two-year accumulation phase and is poised to surpass its previous high of $11.390. The altcoin is currently trading at $11.57, up 14% in the past 24 hours.
Big-Name Backing
Filecoin launched in 2020 with the support of major crypto venture firms, including Winklevoss Capital, co-founded by Bitcoin billionaires Tyler and Cameron Winklevoss.
Other Predictions
Bluntz also predicts that the Solana-based memecoin dogwifhat (WIF) will reach $3 and that Solana competitor Sei (SEI) will surge to $1.40. He bases these predictions on technical analysis using the Elliott Wave theory.
Disclaimer
Bluntz’s opinions are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrency.
