A well-known cryptocurrency strategist, operating under the pseudonym Bluntz, is predicting a significant uptrend for a new altcoin that has recently experienced remarkable gains. Bluntz, who regularly shares insights with his 308,000 followers on the social media platform X, has pointed to the native token of ai16z (AI16Z) as a potential candidate for a fresh surge.
AI16Z is the decentralized investment platform powered by artificial intelligence (AI). Despite a 50% correction in a three-wave pattern, Bluntz believes that the altcoin is gearing up for a final leg of a larger five-wave rally, possibly leading to a new all-time high above $3. The analyst’s adherence to the Elliott Wave theory suggests that AI16Z is on the verge of a significant breakout.
Currently trading at $1.66, AI16Z has surged by an impressive 16,190% from its low of $0.01019 in early November. The momentum behind this altcoin has caught the attention of many in the cryptocurrency community.
In addition to AI16Z, Bluntz has also shared insights on Bitcoin (BTC) and the AI-powered market intelligence platform aixbt by Virtuals (AIXBT). Regarding Bitcoin, Bluntz anticipates a potential plunge to immediate support levels before embarking on a new all-time high rally. With Bitcoin currently trading at $94,900, the market remains volatile and unpredictable.
As for AIXBT, Bluntz notes a “monster uptrend” since its inception and predicts a continued rally to complete a five-wave pattern that began in December. AIXBT is currently trading at $0.564 and shows promise for further growth in the near future.
Overall, Bluntz’s analysis provides valuable insights for investors and traders in the cryptocurrency space. By closely monitoring these altcoins and Bitcoin, individuals can stay informed about potential trends and opportunities in the market. For the latest updates and alerts on price action, readers are encouraged to subscribe to receive email notifications and follow The Daily Hodl on X, Facebook, and Telegram.
In conclusion, the cryptocurrency market continues to offer exciting prospects for investors, with altcoins like AI16Z and AIXBT showcasing strong potential for growth. As always, it’s essential to conduct thorough research and stay informed about market trends to make informed decisions in this rapidly evolving space.