This Ethereum Rival’s Ecosystem Will See Massive Memecoin Rallies, Says Crypto Trader

A extensively adopted cryptocurrency analyst and dealer is predicting one Ethereum (ETH) rival’s ecosystem will see large memecoin rallies.

The analyst pseudonymously often known as Kaleo tells his 624,300 followers on the social media platform X that memecoin exercise on the Avalanche (AVAX) blockchain might ship the challenge hovering.

“Bros didn’t want to listen about how explosive the PEPE pump would be until after it happened. Took months of conviction. They won’t listen this time either. For most people seeing is believing. It’s meme season and AVAX will have multiple $200M-$500M plus memecoins on it. Send it higher.”

The dealer predicts that the native token of the layer-1 blockchain might go up by greater than 130% from the present degree, setting a worth goal of a minimum of $100.

AVAX is buying and selling for $42.25 at time of writing, down barely within the final 24 hours.

Over the weekend, the dealer was calling for Pepe (PEPE) to soar even increased because it entered “price discovery.”

“PEPE price discovery. Send it way higher.”

Supply: Kaleo/X

Crypto merchants and analysts refer to cost discovery as a scenario the place a coin trades at ranges by no means seen earlier than in its historical past.

Taking a look at his chart, the dealer steered PEPE would break by means of the resistance degree of $0.00000449.

Pepe is buying and selling for $0.000007768 at time of writing, up greater than 38% within the final 24 hours.

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