Crypto strategists believe that memecoins, two of the hottest crypto coins in existence today, are on a race to new highs.
Pseudonymous Bluntz told his 260.500 social media followers that Pepe was (PEPEAfter a surge of more than 140% this month, ). still has plenty left to fill the tank.
Top trader shows a chart that suggests PEPE may reach new highs as low as $0.000028.
“Despite the all-time highs, I think PEPE will continue to be the fastest horse for now.”
Pepe’s current value is $0.000016. This indicates a 75% upside potential if Bluntz hits his target.
The analyst also has high hopes for Floki, another meme (FLOKI).
FLOKI is giving me a pre-PEPE high.
I think the chart looks really good.
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1716974388_493_Top-Analyst-Predicts-New-All-Time-Highs-for-Two-Surging-Memecoins.jpeg)
On the trader chart, Bluntz appears to be predicting that FLOKI will reach a record-breaking $0.00044. FLOKI was trading for $0.000294 at the time of this writing.
The cryptocurrency strategist keeps an eye out for the altcoin Ethereum and its Bitcoin pairing.ETH/BTC). The trader believes that ETH/BTC will dip to below 0.052 BTC (3,553) and then break out into a rally up to 0.06 BTC (4100).
“12 hour bearish divergence on ETH/BTC and a clear impulsive give-wave rise. Give shakeout dip before turbo send please.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1716974388_867_Top-Analyst-Predicts-New-All-Time-Highs-for-Two-Surging-Memecoins.jpeg)
A trader uses the Elliott Waves theory. This states that an asset is bullish if it corrects after a 5-wave rally. The trader seems to be suggesting that ETH/BTC is ready for a downtrend after completing a five wave rally.
Bluntz’s reading has been supported by the bearish divergence. This signal indicates that despite recent gains, momentum is being lost for this pair.
At the time of this writing, ETH/BTC trades at 0.05625 BTC (3,842).
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Source: dailyhodl.com