A Crypto Analyst Predicts Further Gains for SOL-Based Altcoins

A well-known crypto analyst recently shared insights on the potential growth of Solana (SOL)-based altcoins, highlighting one particular token that has already experienced significant gains and is poised for further growth. Additionally, the analyst updated his outlook on two popular memecoins in a recent strategy session.

Pudgy Penguins (PENGU) Token Poised for Rally

During the strategy session, the pseudonymous crypto trader known as Bluntz informed his followers on X about the potential for the Pudgy Penguins (PENGU) token to rally further, despite already seeing a 300% increase in value this month. Bluntz’s chart suggests that PENGU could reach $0.038 in the coming days, with the token currently trading at $0.0309, reflecting a 7.7% decrease for the day.

Bluntz described PENGU as a “silent underperformer,” noting its strong performance as the best meme asset with over a $1 billion market cap in the past two weeks. The token has surged by 143% during this period, showcasing its potential for growth.

Floki (FLOKI) Token Shows Room for Growth

Bluntz also discussed the potential for the dog-themed meme asset Floki (FLOKI) to continue its upward trajectory, with the token currently trading at $0.000142, reflecting a 29% increase for the day. The analyst believes that FLOKI has more room to grow before breaking its resistance level around $0.000123.

Bonk (BONK) Token Indicates Further Growth

Concluding his analysis with Bonk (BONK), another SOL-based memecoin, Bluntz expressed optimism about the token’s potential for growth despite already seeing a 96% increase since the beginning of July. BONK is currently trading at $0.000036, reflecting a 4.9% increase for the day.

Overall, Bluntz’s analysis suggests that SOL-based altcoins and memecoins like PENGU, FLOKI, and BONK have the potential for significant growth in the near future, presenting opportunities for investors in the crypto market.

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