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PortalCrypt / latest crypto news / Memecoin PEPE Could Reach New High, While Altcoin Sui Could Outperform Solana

Memecoin PEPE Could Reach New High, While Altcoin Sui Could Outperform Solana

by Editor
29/09/2024
in Memecoin News, latest crypto news
Meme PEPE coin tops $500M in market cap as Shiba Inu positions trade
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  • PEPE could double its current value, reaching $0,22.
  • Sui, nicknamed the Solana Killer, could soon surpass $2,60.
  • Crypto investment strategies focus on identifying the asset with the greatest growth potential.

In the recent wave of enthusiasm that permeates the cryptocurrency universe, a renowned analyst, known as Bluntz and revered in the community for his title of “Master Trader” on the Bybit exchange, sees explosive potential in a themed memecoin.

In his statements on the social platform X, followed by more than 276.300 followers, Bluntz shared his optimism about the future of the cryptocurrency Pepe (PEPE), predicting a significant jump for the currency, with the possibility of doubling its value and reaching new historical peaks.

At the time of publication, PEPE was trading at $0,00001134, up 0,5% in the last 24 hours and up 40% in the last 7 days. In the current context, PEPE has seen an appreciation of over 10% on the day, trading at $0,00001197.

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Crypto Sui price today traded around $2,10; with volume exceeding US$ 700 million

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According to the analyst, PEPE’s upward trajectory could lead it to reach the $0,22 mark on the Bybit perpetual contract chart, suggesting bullish trends. Bluntz clarifies his memecoin investment strategy, emphasizing the importance of identifying and investing in the one that shows the greatest growth potential. “It’s healthy to have some diversification, of course, but I always try to have my largest position in the fastest horse. The fastest horse (in my bags) seems to be PEPE,” he explained.

On the other hand, another cryptocurrency that has been under Bluntz’s spotlight is Sui (SUI), described by many as a potential Solana (SOL) killer due to its innovative layer-1 design.

Bluntz is also optimistic about SUI’s future, predicting that the cryptocurrency could break above the $2,60 barrier soon. Elliott Wave Theory, a principle he employs for his analysis, suggests that SUI is currently experiencing a third bullish wave.

“SUI is just a certified beast at the moment, every four hour dip ends up making ABC look like it and keeps going up, even this one. Definitely still in a macro wave three and hasn’t had a wave four yet,” the trader said.

At the moment, SUI is trading at $1,79, up 10% on the day, with projections indicating a continuation of its upward trajectory before setting new all-time highs.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Tags: PEPE CoinSUI

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