In the midst of the cryptocurrency market’s recent ups and downs, caution has become the watchword for traders and investors. However, a mysterious and influential analyst known as Bluntz has injected some optimism into the cryptocurrency world.
Bluntz, a trader with a dedicated following of over 200 people on Twitter, has made a bold prediction: Cosmos (ATOM), a blockchain that allows for interoperability and is currently ranked among the top 30 cryptocurrencies by market capitalization, has the potential to double in value.
As of the time of this article, ATOM was trading at $9.85, a slight decrease of 1.7% from the previous day. Despite this, the respected analyst believes that the token is on a solid upward trajectory. According to Bluntz, ATOM has completed a three-wave corrective pattern, which suggests that an uptrend is about to occur.
Bluntz, who specializes in identifying altcoins with great potential, stated, “I have come across some altcoins that look very promising but have not experienced the same level of growth as others. One of these altcoins is ATOM, which my colleague @Sanchez_Charts pointed out. It has a beautiful weekly structure, a clean three-wave decline, and, in my opinion, the potential for a 100% gain.”
In addition to ATOM, Bluntz also mentioned Ethereum and its competitor Solana (SOL) as noteworthy crypto assets. He said, “SOL has been one of the standout performers this month.” Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave corrective pattern, similar to Cosmos.
At the time of writing, SOL was priced at $28.77, representing a 3% increase in the last 24 hours and a 31.2% increase over the past week.
Please note that the views expressed by the author and those mentioned in this article are for informational purposes only and should not be construed as financial or investment advice. Investing or trading in cryptocurrencies carries the risk of financial loss.
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