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A well-known trader is recognized for making accurate altcoin predictions at the right time and has indicated that Shiba Inu (SHIB), a competitor to Dogecoin 
$0.02983 (DOGE), stands on the verge of a significant parabolic rise.
Anticipated Increase for SHIB
Anonymous analyst Bluntz announced on the social media platform X that SHIBA Coin is preparing for a vertical increase. Bluntz shared a chart suggesting that SHIB’s price could replicate its movements from early 2024.
He stated that while SHIB is in a strong upward trend, it has not yet experienced a parabolic breakout. According to Bluntz, the SHIB/BTC pair is showing accumulation at a low level, indicating that SHIB could rise rapidly. He also shared positive expectations for the Solana 
$161-based memecoin called dogwifhat (WIF).
Trader’s Predictions and Analysis
Bluntz claims that WIF is in the early stages of a five-wave upward trend and could reach double-digit values. He said, “$10 for WIF Coin is inevitable.”
Bluntz applies the Elliott Wave Theory, which posits that an ascending asset will experience a five-wave increase before completing an impulsive upward movement. He predicts that WIF could rise to $12.
Currently, SHIB trades at $0.0000266, while WIF is valued at $2.81. Bluntz’s analyses indicate that both memecoins hold significant potential for substantial gains.
