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Analyst Calls One Memecoin a ‘Kingmaker Commerce,’ Predicts Incoming Surge for AI-Associated Crypto Asset

by SB Crypto Guru News
February 29, 2024
in Altcoin
Reading Time: 3 mins read
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A crypto strategist who nailed Bitcoin’s (BTC) 2018 bear market worth flooring says he’s taking a look at one memecoin to generate large returns this cycle.

Pseudonymous analyst Bluntz tells his 240,900 followers on the social media platform X that the Solana (SOL)-based memecoin dogwifhat (WIF) is his “highest conviction” commerce this cycle.

The dealer shares a chart suggesting that WIF could also be following within the footsteps of 1 crypto asset that has already printed 5x good points this yr.

“WIF can be my kingmaker commerce for this cycle…

By no means thought my highest conviction guess could be a memecoin however right here we’re. [Here’s a] visible illustration of what I believe occurs.” 

Image
Supply: Bluntz/X

Wanting on the dealer’s chart, he appears to foretell that WIF can soar to as excessive as $3.

At time of writing, WIF is buying and selling for $0.611, indicating an upside potential of over 700% if the memecoin hits Bluntz’s goal.

The analyst can be bullish on the native asset of the decentralized storage community Filecoin (FIL). The analyst shares a chart suggesting that FIL is poised to proceed trending increased after finishing an ABC corrective wave.

“FIL gearing up for the following leg up right here now in my view, good ABC achieved on the four-hour [chart].” 

Image
Supply: Bluntz/X

Bluntz practices the Elliott Wave idea, a complicated technical evaluation strategy that makes an attempt to foretell future worth motion by following crowd psychology that tends to manifest in waves. Based on the speculation, a bullish asset tends to witness a burst to the upside after finishing an ABC corrective sample.

At time of writing, FIL is buying and selling for $7.68.

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Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.

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Tags: AIRelatedAnalystAssetBitcoin NewsCallsCryptoCrypto NewsCrypto UpdatesIncomingKingmakerLatest News on CryptoMemecoinPredictsSB Crypto Guru NewssurgeTrade
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