Bluntz, a crypto trader with 319K followers on X, is extremely bullish on SPX6900 (SPX), one of Solana’s top meme coins.
According to the the Elliott Wave Theory, the price of an asset moves in identifiable wave patterns in the direction of the overall trend.
So, if the overall trend is bullish, which is the case in $SPX, the price will move up in five waves, with the second and fourth waves being small dips for consolidations.
Bluntz believes that $SPX has currently only served up the first two waves, with a trending third wave, which usually sees the highest increase in prices, waiting to happen.
After a sluggish Q1, Bluntz says that the ‘real’ altcoin season hasn’t arrived yet, and when it does, it will be meme coins (like $SPX and $WIF) that will lead the momentum.
With that in mind, we’ve handpicked three Solana meme coins with the potential to 10x (even 1,000x) your investment in the upcoming altcoin season.
SPX6900 blends humor and finance like very few meme coins can. As the name suggests, $SPX is a meme coin twist on the legendary S&P 500 stock market index.
The token’s virality stems from its ‘amusing’ goal of taking on the S&P 500. Thanks to incredible backing from meme coin degens, $SPX has turned out to be significantly more profitable than its traditional counterpart.
It’s up 135% over the past 30 days and currently boasts a massive market capitalization of around $1.08B.
Even though $SPX is currently heading into a major resistance zone, its current momentum could help it break through relatively easily.
After this, we can see the token climb up to its all-time high of $1.80. $SPX is currently trading at $1.18.
Solana has been struggling with frequent transaction delays (even complete failures) thanks to network congestion and scalability issues that crept up after the launch of $TRUMP early this year.
An unprecedented increase in investors overloaded the network, but Solaxy will fix these issues by building the first-ever Solana Layer 2.
In addition to charging you just 0.85% trading fees (other bots charge a minimum of 1%), Snorter also comes with several unique features, such as copy trading, meme coin sniping, stop-loss automation, and live portfolio tracking.
Combined with real-time honeypot and rug pull detection, as well as MEV protection, you can use Snorter Bot to elevate your meme coin trading game without compromising security.
But investing early in presales tends to offer higher profits at the end of the day.
Still, remember that investing in crypto is a risky endavor. Market conditions can change and fluctiation can ruin your plans. Don’t invest more than you can afford to lose!
