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A trader who continues to grow his following with timely altcoin calls believes that Ethereum (Ethereum)-memecoin is preparing for a massive upward move.
Anonymous analyst Blontz tells his 270,400 followers on social media platform X that he is focusing his radar on memecoin Pepe (baby).
According to the analyst, the 2-hour chart of PEPE is similar to that of Bitcoin (Bitcoin) Price action in January 2023 when it bottomed out and is trading at around $16,000.
“I took one look at PEPE this morning and felt like I’d seen this before.
“I had BTC at cycle lows of 16,000.”
After hitting its lowest point in January last year, Bitcoin surged to an all-time high of $73,737 in March this year — a 360% rise in about 15 months.
At the time of writing, Bitcoin is trading at $64,199 while PEPE is worth $0.0000094.
Analyst too names A group of cryptocurrencies that are believed to move faster than other altcoins when the market turns bullish.
“Memecoins will continue to significantly outperform everything else on its way up, in my opinion.
The easiest strategy is to choose some frogs, dogs and cats:
“Cat, Bobcat, Baby, Wave, Floki.”
Looking at BNPBlontz believes that BNB Chain, the native asset of the layer 1 chain, is poised to make a major breakout on its way to new all-time highs.
“BNB has one of the cleanest high time frame charts here, in my opinion.
Consolidation below the previous high (all time high) with both the top and bottom of the range swept and now reclaimed.
These are level 1 (T1) setups in my opinion, and we were given one of them in a very high time frame.
This is what dreams are made of I think, I’ll have $1000 soon.”
At the time of writing, BNB is valued at $579.86.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
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