The crypto world is full of surprising and unexpected booms from time to time. These spikes are often caused by unforeseen factors and sometimes go unnoticed by the masses. However, some analysts may be able to capture such potential earlier and provide valuable information to investors. In this vein, widely followed analyst Bluntz expressed his bullish expectation on MYRO, a little-known altcoin built on Solana (SOL).
While evaluating the potential within the Solana ecosystem, Bluntz focused on the notable movements in the meme coin market. Specifically, Bluntz noted that MYRO, the SOL-based meme coin, follows in the footsteps of a similar project and has significant upside potential. According to Bluntz, highlighting the price movements of dogwifhat (WIF), another SOL-based meme coin, he suggested that MYRO could rise up to 80% in the near future.
Technical in analysis The crypto analyst, who regularly applies the Elliott Wave theory, claims that MYRO mirrors the price movements of WIF and may show a similar increase in the near future. In particular, he notes that MYRO has broken out of a descending channel and given a strong bullish signal, and this movement may continue exponentially.
“There is very little time left for the MYRO god candle. “Once the all-time high of $0.45 is broken and rapid multiples start to form, everyone will be wishing they had bought some.”
Back to Solana, Bluntz said the cryptocurrency is on the verge of a double-digit gain against both Bitcoin (BTC) and Ethereum (ETH). According to the analyst, Solana could post even higher gains against the dollar, while BTC will reach a six-figure price tag this cycle.
“I expect at least a 60% increase on both crossover pairs, but I think BTC will rise above $120,000 this cycle. “You should draw your own conclusions as to where SOL/USD could go.”
At the time of writing, Solana is trading at $169.35, while Bitcoin and Ethereum are trading at $66,955 and $3,651 respectively. It is worth noting that the analyst’s predictions preceded the current correction in the market. Conditions in the crypto market can change quickly and every investment has risks. Bluntz’s analyzes are only predictions and investors should do their own research and make decisions appropriate to their own risk profile.
You can follow the current price movement here.
