Trader Predicts Large-Cap Ethereum Rival to Surge by Over 180% in This Cycle, Provides Updates on Floki and Chainlink
A popular trader and analyst, known as Inmortal, has shared his predictions for three cryptocurrencies. Starting with Solana (SOL), the fifth-largest crypto asset by market cap, Inmortal believes it could experience a rally similar to Ethereum’s explosive surge from early 2020 to late 2021. Inmortal suggests that SOL could increase by approximately 182% from its current level, potentially achieving a 60x gain from its low in December 2022.
Inmortal points out that during the previous cycle, Ethereum soared from $80 to $4,800. He expects Solana to follow a similar trajectory, projecting a rise from $8 to $480.
Moving on to Floki (FLOKI), the analyst notes that the memecoin is currently undergoing vertical accumulation. This is a situation where an asset’s price range-trades but gradually increases. Inmortal’s chart indicates that FLOKI might experience a significant drop after surpassing its all-time high of just under $0.00034. However, it is anticipated to then embark on a parabolic rally.
As of now, FLOKI is trading at $0.000247.
Lastly, Inmortal provides an update on Chainlink (LINK), a blockchain oracle. According to the analyst’s chart, he believes LINK could be preparing for the second wave of a rally. Inmortal predicts a potential 68% increase, taking LINK’s price to $32.
At present, Chainlink is trading at $19.
Please note that the information provided is based on Inmortal’s analysis and should not be considered financial advice.
[Generated Image: DALLE3]