Crypto analyst Bluntz Capital has once again shared a bullish narrative for Solana-based meme coin Dogwifhat (WIF). This follows the crypto token’s recent price surge that saw it rise to as high as $1.70 on March 3.
WIF To Flip At Least Two Meme Coins
Bluntz mentioned in an X (formerly Twitter) post that WIF will flip at least two meme coins, currently ahead of it in market cap. WIF is the fifth largest meme coin by market cap, only behind Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK).
In a subsequent post, the analyst hinted at WIF flipping all three except DOGE. He also replied in the negative when one of his followers asked if WIF was going to overtake the foremost meme coin, DOGE. As such, Bluntz seemed to predict that WIF would rise to the second spot at most.
Interestingly, WIF managed to flip BONK just hours after Bluntz made his statement.WIF’s rise above BONK was due to the former’s run over the weekend, which saw its price climb to as high as $1.70. While BONK has reclaimed the fourth position, WIF’s latest price surge gives a glimpse of the significant heights the meme coin could reach heading into the bull cycle.
Moreover, WIF flipping BONK could happen sooner rather than later, as Bluntz suggested in a more recent X post that WIF could rise to $2 once this corrective wave is done. Before now, the crypto analyst had correctly predicted that WIF would rise above $1. Back then, he stated that the meme coin would go “turbo parabolic” once this happened.
Price reaches $1.7 | Source: WIFUSDT on Tradingview.com
Meme Coin Season: The New Altcoin Season?
While Bitcoin cooled off over the weekend, meme coins made a run of their own, which led to some of them flipping notable altcoins. Specifically, PEPE and BONK entered the top 50 crypto tokens by market cap, rising above SEI and Bitcoin SV (BSV). WIF was also in the mix, becoming the 63rd-largest crypto token by market cap.
Usually, altcoins are known to outperform Bitcoin whenever the flagship crypto token cools off or experiences a correction. However, that has not been the case lately, as meme coins dominate whenever Bitcoin staggers. A plausible explanation is that liquidity instantly flows into the meme coin market whenever things slow in the broader crypto market.
The meme coin market has also picked up since the last bull run, and these crypto tokens are showing that they can go head-to-head with other altcoins.
Featured image from SolanaFloor, chart from Tradingview.com
