Altcoin Expert Predicts Strong Gains for Solana-Based Dogwifhat

A trader renowned for accurate altcoin predictions is eyeing significant potential for a Solana-based memecoin.

Known by the pseudonym Bluntz, the analyst shared that dogwifhat (WIF) appears poised for a major breakout from a falling wedge pattern, which typically signals a bullish reversal due to decreasing selling pressure.

when $wif gets going, it goes hard.

despite being up 80% in a week,if i wasnt already positioned i would absolutely still be buying this.

limited amount of time left before the train leaves the station imo pic.twitter.com/xAwfQoMBuO

— Bluntz (@Bluntz_Capital) August 8, 2024

Bluntz remarked that, despite WIF already rising 80% in the past week, the asset’s current price of $1.63 presents a buying opportunity before it potentially surges to $8.

In addition to WIF, Bluntz is optimistic about Jito (JTO), the native token of a Solana-based decentralized staking protocol.

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The analyst suggests JTO has likely reached its lowest point following an ABC correction and is set for a strong rally.

time to get some sol beta exposure again imo.

i like $JTO here, can see a big fuck off abc decline followed by an impulsive 5 wave rise from the lows and pullback into a higher low.

A+ setup imo, im long. pic.twitter.com/OPCcBMuOWw

— Bluntz (@Bluntz_Capital) August 8, 2024

He projects that JTO, currently priced at $2.45, could rise to $5, noting that the setup is favorable for investors looking to capitalize on this potential upswing.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.