A leading crypto strategist reckons dogwifhat (WIF) is on the brink of a 350% surge. Bluntz, a pseudonymous analyst, shared this bold prediction with his 265,200 Twitter followers.
Bluntz bases his forecast on the Elliott Wave theory. This theory suggests bullish assets typically experience a five-wave rally after an ABC corrective move.
WIF currently trades at $2.21. Bluntz believes its ABC correction is done and dusted. He's betting on a massive upswing.
"$10 WIF is coded by law," Bluntz declared. He added, "Once it starts properly going, do you think all those people who missed the last run from cents to $5 are going to miss round two? Not a chance."
But WIF isn't the only memecoin on Bluntz's radar. He's also got his eye on Floki (FLOKI).
Bluntz reckons FLOKI has wrapped up its ABC correction. He predicts a rally to a new all-time high around $0.00045.
The analyst spotted a bullish divergence on FLOKI's daily chart. This could signal a trend reversal.
"Floki is right up there as one of my favorite memes at the moment," Bluntz stated. He added, "Clear as day macro ABC structure done, five waves clearly visible within the C and high time frame [bullish divergence] at the lows. All-time high en route, in my opinion."
FLOKI currently trades at $0.00019.
Bluntz's third pick is Popcat (POPCAT), a Solana-based altcoin. He's bullish on POPCAT after it broke through its last resistance level at $0.72.
These predictions might seem far-fetched. But in the wild world of crypto, stranger things have happened. Only time will tell if Bluntz's crystal ball is on the money or if these memecoins will end up in the doghouse.