A widely followed analyst and trader is offering his forecast on three crypto assets.
Starting with the fifth-largest crypto asset by market cap, the analyst pseudonymously known as Inmortal tells his 209,800 followers on the social media platform X that Solana (SOL) could replicate its rival Ethereum’s (ETH) explosive rally from early 2020 to late 2021 and skyrocket by similar multiples.
Ethereum went up from the low of a price of just under $90 reached in March of 2020 to an all-time high price of just below $5,000 which was recorded in November of 2021.
From the current price, Solana could go up by approximately 182% from the current level, according to Inmortal. If the fifth-largest crypto asset were to reach Inmortal’s peak-of-the-cycle target, Solana would have recorded a 60x gain from the December of 2022 low.
“Previous cycle ETH went from $80 to $4,800.
This cycle SOL will go from $8 to $480.”
Turning to Floki (FLOKI), Inmortal says that the memecoin is undergoing vertical accumulation, a situation where the price of an asset range-trades while gradually inching upwards.
Based on the pseudonymous analyst’s chart, it appears that Inmortal is suggesting that FLOKI could fall significantly after breaking above the all-time high of slightly under $0.00034 before going on to rally in a parabolic move.
FLOKI is trading at $0.000247 at time of writing.
Next up is the blockchain oracle Chainlink (LINK). According to the pseudonymous analyst, LINK could be preparing for the second wave of a rally.
Based on Inmortal’s chart, it appears that the analyst sees LINK rallying by around 68% from the current level to a price of $32.
Chainlink is trading at $19 at time of writing.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
