One trader believes that the Ethereum (ETH)-based Mimecoin is set for a massive uptrend as it continues to grow its following with appropriate altcoin calls.
Blunts, a pseudonymous analyst, told his 270,400 followers on social media platform X that he was keeping an eye on the mimecoin Pepe (PEPE).
According to the analyst, PEPE’s 2-hour chart is similar to Bitcoin (BTC) price action in January 2023, when Bitcoin hit bottom and was trading around $16,000.
“I watched PEPE this morning and it felt like I’d seen it before, a sense of deja vu.
I held BTC at the 16,000 cycle bottom.”
Bitcoin hit an all-time high of $73,737 in March of this year after bottoming in January of last year, a gain of over 360% in just 15 months.
At the time of writing, Bitcoin is trading at $64,199 and PEPE is worth $0.0000094.
The analyst also singled out several meme coins that he believes will move faster than other altcoins when the market turns bullish.
“I think Memecoin will outperform everything else even while it’s on the rise.
The easiest strategy is to choose a frog, a dog, or a cat.
“Cat, Popcat, Pepe, Wife, and Floki.”
Looking at BNB, the native asset of the BNB chain, a layer 1 chain, Blunts believes the cryptocurrency is on the verge of a major breakthrough towards a new all-time high.
“I think BNB has one of the cleanest high time frame charts out there.
It consolidated below the previous ATH (Among Highs), swept both the upper and lower ranges, and has now reclaimed it.
I think these settings are T1 settings and we got them for a very long time.
IMO how dreamy it is, it’ll be $1000 soon.”
At the time of writing, BNB was worth $579.86.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
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