Top Crypto Trader Says 6x Rally for One Large-Cap Memecoin ‘Inevitable,’ Outlines Path Forward for Solana
A widely followed cryptocurrency analyst and trader is predicting a massive rally for one large-cap memecoin. Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) could soar more than 495% from the current value. “$10 next, it’s inevitable.” The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF having dropped down to $1.11 this week, Bluntz believes that WIF’s ABC correction is likely over and the memecoin is ready to ignite a massive upside move. “Safe bet in my opinion is to wait for the reclaim of $1.60 on a daily closing basis which would be confirmation of a low being in.” Source: Bluntz/X WIF is trading for $1.68 at time of writing, up 6% in the last 24 hours. Next up, the analyst says that smart contract platform Solana (SOL) may ha...