Top altcoin trader who is known to make timely predictions has said that Dogecoin’s (DOGE), a challenger, will experience a rapid rise.
Pseudonymous Bluntz informs his 304.300 followers via the social media platform X, that it is time to hold vertical Shiba Inu rallies (SHIB).
A chart shared by the trader suggests that SHIB could be on its way to repeating early 2024’s price movement, when it surged 450% within two months.
It’s not far away, SHIB/BTC is also at the bottom. This will definitely pull multiple Xs .”
SHIB currently trades for $0.0000276.
Dogwifhat, a memecoin based on Solana’s (SOL), is another altcoin that traders are watching. Bluntz believes WIF is in the beginning stages of a 5-wave trend that could push the meme token into double digits.
Bluntz follows the Elliott Wave Theory, according to which a bullish investment tends towards a five wave rise before concluding a sudden move upward. According to the chart of this trader, it seems that WIF may reach as high as $12.
As of the time this article was written, WIF’s value is $3.41.
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The post Dogecoin Rival looks ‘insanely strong,’ predicts an upcoming parabolic break for large-cap Memecoin could be updated as new information becomes available.
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