A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins.
Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that multiple meme tokens are witnessing big breakouts, leading him to believe that memecoin season is here.
One altcoin on his radar is the Solana (SOL)-based memecoin Bonk (BONK).
“BONK is in my Noah’s ark portfolio, nice channel breakout today as well.
Things are about to get silly with memecoins again, in my opinion.”
Looking at the trader’s chart, he seems to predict that BONK will surge to $0.000045. At time of writing, BONK is worth $0.000023, up over 7% on theday.
Bluntz also predicts that memecoins will continue to witness massive rallies en route to outperforming most crypto assets.
“Memecoin supercycle is real, the problem was most people’s timing was just way off.
Choose your fighters, get into position and chill, don’t sell too early.”
The crypto trader specifically mentions handful of memecoins that he thinks will lead the crypto market rally, including Pepe (PEPE), Bonk, dogwifhat (WIF), Popcat (POPCAT) and Simon’s Cat (CAT).
Bluntz also offers his outlook on Bitcoin (BTC). The trader previously predicted that Bitcoin would first witness a correction down to the $57,500 level before igniting a parabolic surge to $95,000.
But the analyst now says that BTC’s price action as of late is leading him to believe that Bitcoin will likely spark a parabolic rally without any major dip.
“In light of today’s price action, I think it looks like we’re just gonna rocket higher without the dip part. Still max long.”
Bitcoin is trading at $65,809 at time of writing, a fractional increase on the day.
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Generated Image: Midjourney