Bluntz predicts 50% growth of Solana-based cryptocurrencies

Editor’s note: not financial advice!

A cryptocurrency analyst known as Bluntz has predicted significant growth for a Solana-based memcryptocurrency called Dogwifhat (WIF). Despite his pessimistic expectations in the long run, he foresees a short-term growth of 50%.

Bluntz, who has more than 261,000 followers on Platform X, noted that Dogwifhat is showing numerous positive signals that could indicate a short-term rise before continuing its downtrend. He believes that the price of WIF could rise to $ 3 before dropping back to $ 1.

The analyst uses Elliott’s theory, which suggests that price movements follow certain wave patterns, reflecting the psychology of the crowd. According to his forecast, Dogwifhat has completed a five-wave downward movement and is now ready for a corrective ABC rise.

At the time of writing, WIF is trading at $ 2.57, and Bluntz believes that investors should be cautious about short-term trades at current levels, as a significant price increase is expected.

Last week, Bluntz, who is known for his bitcoin predictions, published a new prediction. Bluntz believes that BTC is about to make one last corrective move before exploding to new record highs. According to Bluntz, bitcoin is forming a bullish pennant pattern on the three-day chart. According to the analyst, BTC may drop to $ 60,000 to pave the way for a rally above $ 80,000.