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    Home»Markets»Prime Dealer Says Dogecoin Rival Seems ‘Insanely Sturdy,’ Predicts Incoming Parabolic Break for Massive-Cap Memecoin – The Every day Hodl
    Prime Dealer Says Dogecoin Rival Seems ‘Insanely Sturdy,’ Predicts Incoming Parabolic Break for Massive-Cap Memecoin – The Every day Hodl
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    Prime Dealer Says Dogecoin Rival Seems ‘Insanely Sturdy,’ Predicts Incoming Parabolic Break for Massive-Cap Memecoin – The Every day Hodl

    By Crypto EditorDecember 10, 2024No Comments2 Mins Read
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    A prime dealer identified for making well timed altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge.

    Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming.

    The dealer shares a chart suggesting that SHIB could also be near repeating its early 2024 worth motion when it exploded by about 450% in simply two months.

    “SHIB appears insanely sturdy, it’s clearly in a stable uptrend but it surely’s been a managed one, no parabolic break… YET.

    Nevertheless it’s coming, SHIB/BTC pair additionally accumulating at all-time low. I legit assume this may pull a number of Xs.”

    Image
    Supply: Bluntz/X

    At time of writing, SHIB is buying and selling for $0.0000276.

    One other memecoin on the dealer’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF seems to be within the early phases of a five-wave uptrend that might propel the meme token to double digits.

    “$10+ WIF is inevitable.”

    Image
    Supply: Bluntz/X

    Bluntz practices the Elliott Wave idea, which states {that a} bullish asset tends to witness a five-wave rise earlier than concluding an impulsive transfer up. Based mostly on the dealer’s chart, he appears to foretell that WIF might climb to as excessive as $12.

    At time of writing, WIF is price $3.41.

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    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate marketing online.

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