A widely respected trader says Ethereum (ETH) is set to significantly outperform Bitcoin (BTC) and is predicting one memecoin will rally hard.
Alien trader Bluntz told his 259,000 followers on social media platform
Traders say ETH/BTC is just days away from printing a rare bullish differential, hinting at Ethereum’s outperformance over Bitcoin. A bullish divergence can indicate a reversal area amid upward momentum, even if the price is falling or moving sideways.
Bluntz targets the 0.1 BTC level ($6,907), which is almost 95% above the current ETH/BTC level.
“Only 8 days left until ETH/BTC prints its first two-week bullish differential after *confirmation note*… never.
0.1 (BTC) is clearly the target but we undershoot or overshoot the f..k at that.”
In addition to Ethereum, Bluntz is bullish on Pepe (PEPE), a frog-themed memecoin. He says this memecoin is the coolest major coin in its field.
He said Pepe will be the “golden child” of memecoins while ETH/BTC bottoms and regains traction.
“In the end, I think PEPE was the coolest meme in the major leagues.
ETH/BTC will most likely hit bottom (I think) and continue to be the golden child meme, likely going higher than many are expecting, but ultimately we are all guessing here.”
As of this writing, PEPE is worth $0.000015.
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Featured Image: Shutterstock/Swill Klitch