Solana-Based Altcoin Seeing Astonishing Growth, Predicted to Continue by Top Trader
A well-known cryptocurrency analyst known as Bluntz is making bold predictions about an altcoin in the Solana ecosystem. This particular altcoin, called dogwifhat (WIF), has experienced an extraordinary surge in value over the past month, gaining over 900%.
Bluntz, who boasts a sizable following of 244,400 on X, a popular social media platform, believes that WIF is about to make a “monster” move based on its recent V-shaped recovery on the hourly chart. According to Bluntz’s analysis, the altcoin has completed a three-wave pattern, which often indicates the end of a correction phase according to the Elliott Wave theory.
The Elliott Wave theory suggests that the price of an asset follows a five-wave pattern for its main trend and a three-wave pattern for minor corrective trends. With WIF’s correction apparently complete, Bluntz sees significant potential for further gains.
At the time of writing, WIF is trading at $2.08, a remarkable increase of 994% from its closing price of $0.19 on February 7th. Bluntz predicts that the altcoin could appreciate by an additional 44% in the next leg of its rally, potentially reaching $2.50 to $3.
Bluntz also offers insights into another memecoin called Pepe (PEPE), which has also seen triple-digit growth in the past month. According to Bluntz, there has been no significant decline in PEPE, suggesting that it may continue to see fresh highs in the near future.
As of now, PEPE is trading at $0.000008116, marking an increase of approximately 780% over the past month. Traders can track the Pepe token through a 1000PEPE perpetual contract, which represents 1,000 PEPE tokens.
With such astonishing growth and positive predictions for these Solana-based altcoins, it’s no wonder that the crypto community is closely watching these market movements.
Image created by Midjourney.