A renowned cryptocurrency analyst, known for his accurate altcoin predictions, has flipped bullish on two memecoins: Pepe (PEPE) and Popcat (POPCAT). Bluntz, the pseudonymous analyst, shared his insights with his 263,500 followers on the social media platform X, predicting significant rallies for both tokens.

According to Bluntz, PEPE is poised for a five-wave surge, relying on the Elliott Wave theory, which suggests that a bullish asset typically experiences a five-wave rally after completing an ABC correction. He shared a chart illustrating that PEPE has already completed the corrective move and is ready for a rally, potentially reaching $0.0000145. At the time of writing, PEPE was trading at $0.00001286.

Bluntz also expressed optimism about POPCAT, a Solana-based memecoin, which he believes has completed its correction and is ready for a significant bounce. He noted that POPCAT's market structure resembles that of dogwifhat (WIF) before its rally to all-time highs in March. POPCAT was trading at $0.486 at the time of writing, up over 12% in the past day.

The analyst emphasized that memecoins and artificial intelligence (AI) will continue to drive crypto market narratives. He advised investors to "pick their fighters wisely" and believes that these two sectors will remain at the forefront of the crypto space.

In conclusion, Bluntz's predictions suggest a bright future for PEPE and POPCAT, with potential gains on the horizon. As the crypto market continues to evolve, memecoins and AI may indeed play a significant role in shaping its narrative. Investors would do well to keep a close eye on these sectors and consider the analyst's insights when making investment decisions.