A popular cryptocurrency analyst noted that Ethereum (ETH), a leading smart contract platform, is set to significantly outperform Bitcoin (BTC) and predicted a strong recovery for a meme token. The senior analyst shared his views on two prominent altcoins playing a crucial role in the cryptocurrency markets.
Strong Performance from ETH
Bluntz, a popular cryptocurrency analyst, claimed on social media platform X that he is closely watching the two-week chart of the Ethereum and Bitcoin (ETH/BTC) pair. The analyst stated that ETH/BTC is just a few days away from showing a rare bullish trend, which could indicate Ethereum outperforming Bitcoin.
The bullish trend may indicate reversal areas amid rising momentum, even if the price moves downward or sideways. Bluntz targets the 0.1 BTC level (6,907 dollars), which is almost 95% above the current ETH/BTC levels. The senior analyst commented:
ETH/BTC is only eight days away from showing its first two-week bullish trend… The target is clearly 0.1 (BTC), but we are either below or above it.
Favorite Meme Tokens
Cryptocurrency analyst Bluntz believes that, besides Ethereum, the frog-themed meme token Pepe (PEPE) is also on the rise and considers it the best-looking major coin in its sector. He stated that Pepe would be the “golden child” of meme tokens as ETH/BTC bottoms out and gains momentum again. The expert further commented:
It seems PEPE is the best-looking major meme token. With ETH/BTC likely bottomed out, I believe this will continue to be the golden child meme and probably rise higher than many expect, but at the end of the day, we are all speculating here.
At the time of writing, the popular meme token PEPE is trading at 0.000015 dollars.
