The widely followed popular cryptocurrency analyst shared his predictions for the prices of three altcoins.
An analyst known by the pseudonym Inmortal first mentioned Solana, which is referred to as an Ethereum rival. Analyst Solana (SOL) has a bold statement that Ethereum (ETH) could repeat its massive rally from the beginning of 2020 to the end of 2021 and soar with similar growth. in prediction found.
Ethereum has had an incredible rise from its lowest price level of just under $90 following the market crash due to the COVID-19 pandemic in March 2020 to its all-time high price of just under $5,000 recorded in November 2021. Inmortal predicts that Solana could perform similarly, peaking at an increase of approximately 182% from its current price level.
Solana has become a frequently mentioned project in the cryptocurrency market recently. Unlike Ethereum, Solana’s network architecture can process more transactions, resulting in faster transaction processes with lower fees.
Inmortal’s prediction reflects a strong belief in Solana’s potential to repeat Ethereum’s success story. The analyst recalls that Ethereum started at $80 in its previous cycle and rose to $4,800, and suggests that Solana will follow a similar path in this cycle. Accordingly, it is predicted that SOL can start from $ 8 and reach $ 480. If Solana reaches Inmortal’s peak target, it will have recorded a total gain of 60x from the December 2022 low.
In addition, there are also analysts who predict a decline for Solana. However, it is worth noting that these are short-term predictions. SOL is a cryptocurrency that is generally expected to rise.
According to Ali Martinez, This Altcoin Has Given a Fall Signal: Is It a Dip Buying Opportunity?
The other altcoin on the analyst’s radar is Floki (FLOKI). He says that Inmortal memecoin is trading in a range where it is increasingly rising. According to the analyst’s chart, FLOKI could decline significantly after breaking just below the all-time high of $0.00034 before starting a parabolic rally.
vertical accumulation$FLOKI pic.twitter.com/Yar5VA5rhz
— Inmortal (@inmortalcrypto) March 15, 2024
The last altcoin on analyst’s list Chainlink (LINK). According to the pseudonymous analyst, LINK may be preparing for the second wave of the rally. According to the chart shared by Inmortal, it predicts that LINK will rise to $32, an increase of approximately 68% from the current level.
You can follow the current price movement here.
