Memecoins
Top Trader Predicts Ethereum To Massively Outperform Bitcoin, Says A ‘Golden Child’ Memecoin Is Poised To Go Higher
A widely followed trader says that Ethereum (ETH) is on the verge of significantly overtaking Bitcoin (BTC) and predicts that a memecoin will rebound strongly.
Pseudonymous trader Bluntz tells his 259,000 followers on social media platform X that he has his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair.
The merchant said that ETH/BTC is about to print a rare bullish divergence, hinting at Ethereum outperformance against Bitcoin. A bullish divergence can indicate reversal zones in a bullish environment, even if the price is falling or moving sideways.
Bluntz is targeting the 0.1 BTC ($6,907) level, almost 95% above current ETH/BTC levels.
“Only eight days remain until ETH/BTC prints the first two-week bullish divergence since *checks notes*…. Never.
0.1 [BTC] is obviously the goal, but we’re either underestimating or overshooting the f..k.
Source: Bluntz/X
Outside of Ethereum, Bluntz is also bullish on the frog-themed Pepe memecoin (PEPE) – which, according to him, is the most beautiful major piece in his sector.
He says Pepe will be the “golden child” of memecoins while ETH/BTC hits bottom and regains ground.
“Looks like PEPE was the best-looking meme in the majors after all.
With ETH/BTC likely at rock bottom (in my opinion), I think this will continue to be the golden child meme in the future and probably go higher than many expect , but ultimately we’re all speculating here.
At the time of writing, PEPE is worth $0.000015.
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Featured image: Shutterstock/Swill Klitch