A crypto analyst, known for accurate altcoin predictions, is betting big on a Solana-based memecoin. They believe it’s poised for a massive price surge.
Solana Memecoin to the Moon?
The analyst, who goes by Bluntz on X (formerly Twitter), told their over 300,000 followers that SPX6900 (SPX) is primed for a parabolic rise. Using Elliott Wave theory – a technical analysis method that studies market psychology – Bluntz argues that SPX hasn’t even completed its main upward wave yet. They predict a price jump from the current $1.10 to $2.20.
Bluntz also sees potential in another Solana memecoin, dogwifhat (WIF). They forecast WIF reaching $1.25, up from its current price of $0.97.
Memecoins: The Strongest in a Bull Market
Bluntz believes that memecoins will outperform other crypto assets when the altcoin market heats up again. They argue that fundamentals don’t matter much in the memecoin space, as it’s largely driven by hype and speculation.
Beyond Crypto: Silver’s Next Big Move?
Looking beyond crypto, Bluntz is also bullish on silver. They predict silver could break its all-time high of around $50, potentially reaching $75, based on their analysis of the silver-to-gold price ratio. Currently, silver trades at $34.50.
Disclaimer: This is not financial advice. Investing in cryptocurrencies and other assets is risky. Do your own research before making any investment decisions.
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