A well-known crypto strategist has predicted that a memecoin ‘contagion’ will lead to a surge in a rival of Dogecoin (DOGE). The pseudonymous analyst, Inmortal, suggested that the dog-themed crypto asset Floki (FLOKI) is displaying a pattern similar to DOGE rival Pepe (PEPE) before its recent rally.

Inmortal, with a substantial following on the social media platform X, shared a chart indicating that PEPE could soon surpass its December high of around $0.00000175. The chart also indicated that FLOKI is poised to follow a similar price pattern and rally beyond its December high to approximately $0.0000490.

At the time of writing, FLOKI was trading at $0.0000512, marking an increase of over 18% in the last 24 hours, while PEPE was trading at $0.00000264, reflecting a surge of more than 46% in the last 24 hours.

Furthermore, the trader forecasted a significant rally for Ethereum (ETH) against Bitcoin (BTC) based on a historical price pattern. By analyzing a chart, the trader indicated that ETH/BTC is forming a pattern akin to 2020, when the pair traded at the lower boundary of a lengthy trading range before rallying to the upper boundary, which currently stands at around 0.083 BTC ($4,736).

As of the time of writing, ETH/BTC was trading at 0.05689 BTC ($3,243), reflecting a decrease of more than 2% in the last 24 hours.

It’s important to note that the opinions expressed by Inmortal are not investment advice. Investors are urged to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All financial transfers and trades are undertaken at the individual’s own risk, and any resulting losses are the responsibility of the investor.