Crypto analyst predict boldly about the future of two existing memecoins, suggesting that they are going to record all-time highs. Moreover, the same analyst forecasted a big rally for Ethereum (CRYPTO: ETH).
The Duo Set for Record-Breaking Price Surges
According to a report by The Daily Hodl that was published on Wednesday, Bluntz, who has a reputation for being a popular crypto strategist, has made a bullish prediction for two meme tokens, namely Pepe (PEPE) and Floki (CRYPTO: FLOKI).
Despite its recent surge of 140%, Bluntz is of the belief that Pepe still retains considerable room for growth while maintaining that it would be “the fastest horse for now” and acknowledging that forecast puts its all-time peak at $0.000028 for this memecoin.
Crypto Analyst Predicts The Future Of Pepe and Floki
The analyst believes that Floki will make a new all-time high at $0.00044 and the same way that they are optimistic about it. Also, Bluntz expects some decrease on Ethereum for a short period against Bitcoin where it pairs as ETH/BTC with later rallying to 0.06 BTC ($4,100).
He indicated that a bearish divergence was in place resulting from the loss of momentum despite recent upward movement and that the pair is geared for a correction following a five-wave surge in line with Elliott Wave theory
- Given the volatility of Bitcoin (CRYPTO: BTC) and Ethereum, memecoins like Dogwifhat (CRYPTO: WIF) and Shiba Inu (CRYPTO: SHIB) have managed to maintain their stance, thus hinting at a potential future bullish outlook in the predictions for Pepe and Floki by Bluntz.
Also Read: May Cryptocurrency Predictions: DogWifHat, Shiba Inu, and BONK Raise Eyebrows
Bluntz’s forecast is consistent with the broader positive attitude towards memecoins. Another analyst previously argued that meme coins still have a lot more room to run up while an expert on cryptocurrencies had also discussed symptoms that would indicate dangerous yet lucrative memecoins.
Price Action: As of May 29
- PEPE was trading at $0.00001497
- FLOKI at $0.0002802
- ETH was trading at $3,793.25
You might also be interested in: Latest Pepe Coin Price Prediction
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