Forecasting Continued Rallies for Two Powerful Meme Coins, Suggesting Further Cryptocurrency Boom
In the current bullish environment of the cryptocurrency market, a notable trader, known as Bluntz, believes that altcoins, particularly Pudgy Penguins and Bonk, could outperform Bitcoin.
Bluntz, who holds the "Master Trader" rank on the crypto exchange Bybit, has been closely monitoring the Bitcoin Dominance (BTC.D) chart. This chart tracks the percentage of the crypto market cap that belongs to Bitcoin. At the moment, BTC.D is breaking down, suggesting that altcoins may rise faster than Bitcoin.
According to Bluntz, who practices the Elliott Wave theory, this breakdown indicates a bearish divergence. However, he believes this divergence is now playing out, pointing towards a potential surge for altcoins.
One altcoin that has caught Bluntz's attention is Pudgy Penguins (PENGU). At the time of writing, Pudgy Penguins is worth $0.0327. According to Bluntz, Pudgy Penguins could potentially soar to $0.055, representing a potential increase of 66%.
Bluntz believes that Pudgy Penguins has been a standout leader over the last week, now looking like it's in a wave three to the upside on the daily chart. He also notes that from all the major memes, BONK and Pudgy Penguins are two of the strongest that have taken out their major may high resistances already.
Another memecoin on Bluntz's radar is Bonk (BONK). At the time of writing, Bonk is trading at $0.00003. Bluntz predicts that Bonk could potentially reach $0.000043, representing a predicted increase of 43%. He believes Bonk is following in the footsteps of Pudgy Penguins.
According to a recent article published by The Daily Hodl on July 16, 2025, Bluntz predicts that Pudgy Penguins will rise about 66% from its current value of $0.0327 to reach $0.055 over the next month. The article does not specify the starting or target price for Bonk in the same period.
Bluntz highlights that Pudgy Penguins has shown strong momentum and could test prior all-time highs. He attributes this to broad retail interest and its emergence during a meme coin bear market, factors that may contribute to continued upside.
As the cryptocurrency market continues to evolve, Bluntz's predictions add an interesting perspective to the potential growth of these memecoins. Investors are advised to conduct their own research and consider their risk tolerance before making investment decisions.
In light of the breaking down Bitcoin Dominance (BTC.D) chart, Bluntz foresees a potential surge for altcoins such as Pudgy Penguins (PENGU) and Bonk (BONK), predicting a possible increase of 66% for PENGU and 43% for BONK. Furthermore, Bluntz believes these altcoins could outperform Bitcoin in the current bullish cryptocurrency market.
