Crypto analyst Bluntz, famous for his accurate Bitcoin predictions, shared his ‘favorite’ altcoin project that could double its price in the next bull market.
Bitcoin forecaster expects 2x on this altcoin
The cryptocurrency market has been seeing a huge rise since the beginning of the week. In particular, many traders and analysts mentioned that various altcoins have great potential. Bluntz, a well-known crypto investor in this regard, expresses that he especially likes Solana (SOL). The analyst was notorious for predicting crashes in 2020.
In his latest analysis, he notes that Solana has had a strong reaction to a major support level and clean three waves downwards on longer timeframes. Based on Elliot Wave Theory, he says that this corrective move is complete and the SOL currently potentially has a 100% positive move. Such opportunities rarely arise. Therefore, the analyst emphasizes that altcoins such as SOL should be considered.
one of the alts im liking here is $SOL.
Solid strong reaction from a major support level, clean 3 wave move down on high timeframes.
i think this has potential for 100% upside and i rarely call shit like that.
trading this one on bybit https://t.co/zHX9WYRMOM pic.twitter.com/TNYQz3d5iO
— Bluntz (@Bluntz_Capital) June 21, 2023
Green signal in bitcoin
Bluntz then evaluated Bitcoin’s latest price movements. According to the analyst, Bitcoin is breaking the bull flag formation on the daily chart. This pattern usually signals the continuation of an uptrend before the price drop. In this case, the analyst sees that BTC is back in an uptrend and it’s time to take a little more risk.
BTC is currently trading in the $30,200 region. Amid factors like the Blackrock ETF news and the Fed rate, it gained significant upward momentum this week. Technical analyst Bluntz says he will follow the pattern below in this environment.
Solana NFTs take center stage again
In the final section, let’s take a look at how Solana, a prominent blockchain in the NFT space, stands out from the competition. CRYPTOSLAM’s data revealed that the number of NFT buyers has increased by over 125% and the number of sellers has increased by 81% in the last seven days. Thus, Solana NFT’s total transaction and sales volume increased by 36% and 5%, respectively.
Santiment’s chart also pointed to a similar growth pattern. Solana’s NFT transaction count and total NFT trading volume in USD increased significantly in the last week, which looked encouraging.
Dune’s data also revealed that the number of active wallets is increasing, reflecting the increasing use and adoption of SOL NFTs.
news feed
Solana Da is the popular Twitter account that shares updates about the Solana ecosystem. He gave hope for the coming days with the tweet he shared in the past days. Quite a few new collections have been published on Solana. NFTs included in the collections, according to the tweet:
- portals
- Solstead & Citizens
- Enviro
- botborgs
New Listings Solana NFTs By Highest Volume (Last 7D)@_portals_@SolsteadsNFT@enviroGallery@Botborgs@heavenland_io@sovanadao@YakuCorp@desolateNFT@SoulDogsNFT@weareLUX_space@hyperspacexyz #Solana $SOL pic.twitter.com/Bq8mWbImef
— Solana Daily (@solana_daily) June 20, 2023
The newly launched collections could further help Solana NFTs grow as they can attract new customers. cryptocoin.comAs you follow, SOL started to gain this momentum at the beginning of the week.
