Closely followed anonymous cryptocurrency analyst Bluntz claimed on his social media platform X account that Ethereum-based memecoin PEPE is preparing for a significant price surge. The analyst mentioned that the two-hour chart of PEPE resembles the price movements of Bitcoin in January 2023, when BTC reached the $16,000 level.
PEPE Could Rise Like Bitcoin
Bluntz noted: "I felt like I had seen this before. Yes, it was during the period when BTC dipped to $16,000," highlighting that PEPE is forming a similar dip pattern. After its dip in January 2023, Bitcoin surged over 360% in 15 months, reaching an all-time high of $73,737 in March 2024. At the time of writing, Bitcoin is trading around $64,000, while PEPE is priced at $0.0000094. Bluntz indicated that PEPE might have similar upward potential.
BNB Price Prediction
Bluntz also mentioned that the main network asset of the BNB Chain, BNB, is preparing for a significant rise to a new all-time high. According to the analyst, BNB’s chart shows a very clean and impressive formation in the high time frame. The analyst highlighted: "BNB’s current chart offers a dream-like setup. I think it will reach $1,000 soon," pointing out that the altcoin has significant price surge potential. At the time of writing, BNB is trading at $579.86.
Analyst's Conclusions
Analyst Bluntz also named a few other memecoins that could move faster than other altcoins during a market uptrend. He stated: "Frogs, dogs, and cats: CAT, POPCAT, PEPE, WIF, FLOKI," emphasizing that these coins could stand out.
The analysis presented by Bluntz highlights the possible growth prospects for cryptocurrencies PEPE and BNB. Paying attention to these assets might be justified for those who are following market changes.
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