With the recent rallies and corrections in the cryptocurrency market, the watchword for traders and investors seems to be caution. However, one notorious and influential analyst, who opts to remain anonymous and is known only as Bluntz, has sparked optimism in the cryptocurrency world.
Bluntz, a trader who maintains a legion of more than 200 followers on his tweet, recently released a bold prediction: Cosmos (ATOM), the interoperable blockchain that ranks among the top 30 cryptocurrencies by market capitalization, has the potential to double in value. .
At the time of publication, ATOM was trading at $9,85, a slight -1.7% decline from the previous day. However, the renowned analyst believes that the token is on a solid upward path. According to Bluntz, ATOM has completed a three-wave corrective pattern, indicative of an uptrend about to emerge.
Bluntz, hunter of altcoins with potential, said: “I have observed some altcoins that have surprising potential, have not yet exploded like some others, and among them, my colleague pointed out ATOM. Beautiful weekly structure, clean three-wave move down, and in my view has the potential for a 100% advance.”
been hunting some alts that look amazing that haven't run as hard as some others and my home @Sanchez_Charts pointed out $atom.
beautiful weekly structure, nice clean 3 wave move down, another potential 100%er imo.
trading this on bybithttps://t.co/zHX9WYRMOM pic.twitter.com/hwPFP8OEwN
— Bluntz (@Bluntz_Capital) July 14, 2023
While some crypto assets performed more vigorously, Bluntz mentioned Ethereum and its competitor, Solana (SOL), which also catches the eye.
“SOL has been one of the highlights of this month”, said the analyst. Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave corrective pattern, similar to Cosmos.
At the time of publication, the price of SOL was quoted at US$ 28,77, up 3% in the last 24 hours and 31.2% in a week.
