Cryptocurrency Trader Identifies an Ethereum Competitor as the Leading Performer This Season, Provides Latest Insights on FLOKI
An influential cryptocurrency expert with a large following believes a major layer-1 altcoin is poised to surpass the performance of many other digital currencies in this market cycle.
Inmortal, an analyst known by their pseudonym, informs their audience of 214,500 on the digital platform X about their focus on Solana (SOL).
“This cycle’s lead runner is Solana.
Expect it to continue surpassing BTC and ETH.
One doesn’t need to be the brightest mind in the room to see this.
SOL.”
Inmortal reinforces their optimistic perspective by highlighting that Solana could experience an explosive surge akin to its movement in the latter part of 2020.
“Your location is here. SOL.”
The chart from the trader suggests that if SOL overcomes the $200 resistance level, it may rally significantly.
At the time this content was written, SOL is valued at $189.
The analyst also expresses a positive outlook on the meme cryptocurrency Floki (FLOKI). A chart shared by the analyst indicates a possibility that FLOKI’s price could escalate to approximately $0.00028 by the end of August.
“Growth continues.
Meme coins are a crowd favorite.
FLOKI.”
At this moment, FLOKI’s price stands at $0.000177.
Regarding Bitcoin (BTC), the speculator presents a view where Bitcoin may initially decline to the $50,000 range and then recover, stabilizing above $60,000 as the year comes to a close.
Subsequent to this consolidation phase, Inmortal envisions Bitcoin reaching unparalleled highs by the second quarter of 2025.
“Picture this.
Breakthrough + new all-time high + an additional 100 days of consolidation.
BTC.”
Currently, Bitcoin is exchanged at $69,283.
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Disclaimer: Views shared on The Daily Hodl should not be taken as financial guidance. Before engaging in high-risk investments in Bitcoin, other cryptocurrencies, or digital assets, investors should conduct thorough research. All trading and transfers are the sole responsibility of the individual, and any potential losses are at your own peril. The Daily Hodl does not advocate for the purchase or sale of cryptocurrencies or digital assets, and is not an investment consultant. Please be aware that The Daily Hodl gets involved in affiliate marketing.
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