Leading Trader Asserts That Dogecoin and Shiba Inu Competitor Begins Surge Toward Unprecedented Peak, Sets Bitcoin Price Goals

An esteemed cryptocurrency expert and market participant has expressed growing optimism for a competitor to Dogecoin (DOGE) and Shiba Inu (SHIB). This competitor is none other than Pepe (PEPE).

Known under the alias Bluntz, the trader shares with his impressive following of 290,300 on platform X, through a post (source), his prediction that the digital token PEPE may appreciate by over 28% from its current price point.

Bluntz applies the Elliott Wave theory—a method suggesting that assets in a bullish trend will typically undergo a five-phase ascent following a so-called ABC downward correction.

“PEPE presented a commendable ascent from its low points on short time frames, and its retracement from the peak was a distinct three-phase decline. It seems the surge towards uncharted highs is now underway.”

Reviewing his analytical chart, he projects that under the Elliott Wave framework, Pepe could potentially achieve values above $0.00003000.

At the moment of composition, Pepe’s value is recorded at $0.00002339, showing a gain of 14.2% over the course of the preceding day.

Furthermore, Bluntz anticipates (remark) that Bitcoin (BTC) might have concluded its corrective ABC wave pattern based on the Elliott Wave method on an hourly scale, anticipating an imminent five-phase bullish push.

“In my view, that’s probably the end of BTC’s recent downtrend. Next target, the formidable $100,000 barrier.”

At this juncture, Bitcoin trades at $91,101, marking a rise of 4.5% since yesterday.

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Disclaimer: The views expressed at The Daily Hodl are not investment recommendations. Investors should conduct their own research prior to engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. It is important to be aware that your trades and transactions are at your own risk, and any resulting losses are your sole responsibility. The Daily Hodl is not an investment advisor, nor does it endorse the purchase or sale of any cryptocurrencies or digital assets. The Daily Hodl partakes in affiliate marketing endeavors.

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