Memecoins
Amid Fluctuations in Bitcoin and Ethereum, a Crypto Analyst Predicts These Two Memecoins Will Hit New All-Time Highs
May 29, 2024 10:25 am | 2 minute read
A crypto analyst has made bold predictions regarding the future of two popular memecoins, suggesting they are on track to hit new all-time highs. Furthermore, the analyst predicted a significant rally for Ethereum (CRYPTO: ET).
What happened: Blunz, a well-known crypto strategist, made a bullish prediction for two meme tokens, Pepper (PEPE) e Floki (CRYPTO: FLOKI), The Hodl newspaper reported on Wednesday.
Bluntz believes that Pepe, despite his recent 140% surge, still has significant growth potential, adding that he “will continue to be the fastest horse for now”. He predicts a new all-time high of $0.000028 for the memecoin.
Likewise, the analyst is bullish on Floki, suggesting that it could reach a new all-time high of $0.00044.
Bluntz is also keeping an eye on Ethereum, predicting a temporary drop in his Bitcoin (ETH/BTC) pair before a surge to 0.06 BTC ($4,100).
He highlighted a bearish divergence, indicating a loss of momentum despite the recent upward move, and suggested that the pair is poised for a correction following a five-wave rally, in line with the Elliott Wave theory.
Because matter: The memecoin market has shown resilience, with similar tokens Shiba Inu (CRYPTO: SHIB) AND Dogwifhat (CRYPTO: WIFE) publication double-digit earnings despite the fluctuations Bitcoin (CRYPTO: Bitcoin) and Ethereum. This trend could further strengthen confidence in Bluntz’s predictions for Pepe and Floki.
Bluntz’s predictions are in line with the overall positive sentiment towards memecoins. Another analyst had previously suggested that meme coins still are significant upside potentialwhile a cryptography expert shared insights on identification high risk, high reward meme coins.
Price Action: At the time of writing, PEPE was trading at $5.89, FLOKI was trading at $0.0002802, and ETH was trading at $3,793.25.
Read next: This Dog Coin Is Up 53% And Is “Still In Ripper Mode”… But It’s Not Dogecoin
Image via Shutterstock
This story was generated using Benzinga Neuro and modified by Pooja Rajkumari
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