Top Analyst Says a Memecoin Is His Fastest Horse, Updates Outlook on Altcoin Dubbed Solana Killer

An analyst who earned the Master Trader rank on crypto exchange Bybit believes a single frog-themed memecoin will eclipse most digital assets.

The pseudonymous trader Bluntz shares with his 276,300 followers on the social media platform

The trader shares a chart that suggests PEPE could rise to as high as $0.22.

“I like to compare all of my meme positions to each other to judge which looks the strongest and then determine the position as my biggest bag.

Of course it's healthy to have some variety, but I always try to have my biggest position on the fastest horse.

The fastest horse (of mine) seems to be PEPE.”

At the time of writing, PEPE is trading at $0.000112, up over 5% on the day.

Another altcoin on the trader's radar is Sui (SUI), a Layer 1 cryptocurrency project that many are calling the Solana (SOL) killer.

According to Bluntz, SUI appears to be in the midst of a third-wave surge and he expects the altcoin to rise near $2.60 before the five-wave rally comes to an end.

“SUI is simply a certified beast at this point, any drop in four hours results in an ABC look and continues to rise, even this one.

Definitely still in a macro wave three and there hasn’t even been a wave four yet.”

Bluntz relies on the Elliott Wave Theory, which states that a bullish asset tends to experience a five-wave advance, with waves one, three, and five serving as impulsive upward breakouts and waves two and four as corrective periods. This also suggests that a bullish asset often experiences a recovery after an ABC correction.

Based on the trader's chart, it seems to indicate that SUI will rise above $2 in its third wave before correcting and rising to new all-time highs.

At the time of writing, SUI is worth $1.71.

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