Closely followed anonymous cryptocurrency analyst Bluntz claimed on his social media platform X account that Ethereum (ETH)-based memecoin PEPE is preparing for a significant price surge. The analyst mentioned that the two-hour chart of PEPE resembles the price movements of Bitcoin (BTC) around its $16,000 dip level in January 2023.
PEPE Could Rise Like Bitcoin
Bluntz noted, “I felt like I had seen this before. Yes, it was during the period when BTC dipped to $16,000,” highlighting that PEPE is forming a similar dip pattern. After its dip in January 2023, Bitcoin surged over 360% in 15 months, reaching an all-time high of $73,737 in March 2024.
At the time of writing, Bitcoin is trading around $64,000, while PEPE is priced at $0.0000094. Bluntz indicated that PEPE might have similar upward potential.
Bluntz also named a few other memecoins that could move faster than other altcoins during a market uptrend. The analyst stated, “Frogs, dogs, and cats: CAT, POPCAT, PEPE, WIF, FLOKI,” emphasizing that these coins could stand out.
Expecting $1,000 for BNB
Bluntz also mentioned that BNB, the main network asset of the BNB Chain, is preparing for a significant rise to a new all-time high. According to the analyst, BNB’s chart shows a very clean and impressive formation in the high time frame.
The analyst highlighted, “BNB’s current chart offers a dream-like setup. I think it will reach $1,000 soon,” pointing out that the altcoin has significant price surge potential. At the time of writing, BNB is trading at $579.86.
