Solana Altcoin Soars 300%: Analyst Predicts Further Gains for FLOKI & BONK
Crypto Analyst Predicts Further Gains for Solana-Based altcoin PENGU
PENGU Set for a Potential Rally
A prominent cryptocurrency analyst has shared insights on a Solana-based altcoin that has already experienced significant growth and appears ready for more. In a recent update, the trader known as Bluntz, who has a following of over 325,000 on social media, highlighted the native token of the Pudgy Penguins NFT collection, PENGU. Despite a remarkable 300% increase this month, Bluntz believes the asset is primed for another upward movement.
Bluntz noted a recent 18% dip in PENGU’s price, suggesting that this correction could serve as a springboard for further gains. He expressed optimism that the token could soon reach new highs, stating, “This dip should be sufficient for a strong uptrend.”
Current Market Performance of PENGU
At the time of writing, PENGU is trading at $0.0309, reflecting a 7.7% decline for the day. Earlier this month, the token peaked at $0.034, marking a 68% increase from its seven-day low of $0.0184. Bluntz characterized PENGU as a “silent underperformer,” despite its status as the leading meme asset over the past two weeks.
He remarked, “With a 143% rise in two weeks, it’s surprising that more people aren’t discussing it. It feels like an under-the-radar success.”
Insights on Other Memecoins: Floki and Bonk
Shifting focus to another popular meme coin, Floki (FLOKI), Bluntz indicated that it still has significant potential for growth. He pointed out that the asset has made impressive moves but has yet to break through its resistance level around $0.000123. “I believe breaking that resistance is just a matter of time,” he stated.
Currently, FLOKI is trading at $0.000142, reflecting a 29% increase on the day, suggesting that Bluntz’s predictions are aligning with market trends.
In his analysis of Bonk (BONK), another memecoin associated with Solana, Bluntz noted that it has surged by 96% since the beginning of July and still has room for further growth. He commented, “That was quick. BONK has already gained 96%, and it looks like it has much higher to go.” At present, BONK is priced at $0.000036, showing a 4.9% increase for the day.
Conclusion
As the cryptocurrency market continues to evolve, analysts like Bluntz provide valuable insights into potential opportunities. With PENGU, FLOKI, and BONK showing promising trends, investors may want to keep a close eye on these assets as they navigate the volatile landscape of digital currencies.
Disclaimer: The views expressed in this article are for informational purposes only and do not constitute investment advice. Always conduct thorough research before making any investment decisions in cryptocurrencies or digital assets.
