As an analyst with a keen eye for spotting trends and a knack for accurately predicting market bottoms, I find myself intrigued by Bluntz Capital’s latest call on $PEPE. Given his track record of successful predictions, I can’t help but feel a sense of anticipation about this potential breakout. However, as someone who has been through the 2018 bear market and witnessed the rollercoaster ride that is the crypto market, I would advise caution. As the saying goes in crypto, “never invest more than you can afford to lose.
As a market analyst, I’ve recently noticed a trend pointed out by a well-respected cryptocurrency expert who accurately predicted the market bottom in 2018. This expert has highlighted the meme-inspired cryptocurrency $PEPE as a potential opportunity due to its formation of an ascending triangle pattern, suggesting it could be a lucrative investment.
In my analysis, I recently noticed a potential breakout of the triangle pattern on the microblogging platform X (previously known as Twitter), where I have over 276,000 followers. As Bluntz Capital, I believe this breakout could be an opportunity for substantial returns, which in my opinion equates to “easy money.
It appears that Pepe has been experiencing some delays, but as other meme-based cryptocurrencies have shown signs of growth over the past 48 hours, I believe this trend won’t last for much longer.
— Bluntz (@Bluntz_Capital) September 25, 2024
Significantly, the cryptocurrency influenced by memes has surged over 700% this year and is currently trading at $0.0000104. It experienced a 30% increase in value during the past week, coinciding with a broader cryptocurrency market surge that pushed Bitcoin‘s price to reach an all-time high of $65,500.
The rally has led to a substantial increase in the prices of many cryptocurrencies inspired by memes. Notably, Dogecoin, the leading meme coin, rose by 15.9% within the last week, while Shiba Inu, its rival, jumped over 36% during the same timeframe.
According to reports, during the summer, an enormous investor (often referred to as a “whale”) transferred approximately 9 trillion tokens of the meme-based cryptocurrency $PEPE to the well-known cryptocurrency platform Bybit. This significant transaction caused quite a stir within the memecoin’s community.
That transaction of 9 trillion PEPE led to a 19% price drop for the cryptocurrency, suggesting potential capitulation. The sender’s address notably shows a history of frequent and high-value transactions.
It’s significant to mention that Bluntz is well-known for his prediction made in June 2018, which stated that the bear market causing bitcoin’s price to plummet from a record high around $20,000 would conclude with the coin being valued at approximately $3,200. His prediction was almost spot on, as Bitcoin reached this level in December of the same year.
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2024-09-27 18:13