A trader who is gaining popularity for his accurate predictions on altcoins believes that a memecoin based on Solana, called dogwifhat (WIF), is about to experience a significant increase in value. Bluntz, an anonymous analyst with a large following on X social media platform, suggests that WIF is forming a falling wedge pattern, which is typically seen as a bullish signal indicating a reversal in selling momentum. Bluntz states that when WIF starts to move, it does so aggressively. Despite already being up 80% in the past week, Bluntz recommends buying WIF as there is limited time before the price takes off. According to Bluntz’s chart, WIF could potentially reach $8, although it is currently trading at $1.63.

Bluntz is also optimistic about Jito (JTO), the native asset of the Solana-based decentralized liquid staking protocol. The analyst believes that JTO has reached its bottom after completing its ABC correction. Bluntz follows Elliott Wave theory, which suggests that an asset is likely to experience rallies after completing an ABC corrective wave. Bluntz expresses confidence in JTO and expects a significant rise in its value. According to Bluntz’s chart, JTO could potentially surge to $5, while its current price is $2.45.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies. The Daily Hodl does not endorse or recommend the buying or selling of any digital assets and is not an investment advisor.