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Crypto expert Inmortal: Ethereum and Solana are preparing for a bullish rally

12:43 pm, October 23, 2024

A digital asset market analyst known as Inmortal predicts a significant increase in the Ethereum ETH $3,074.10 Bridged Ether (StarkGate) -2.54% Market capitalization $0.26 billion VOL. 24 hours $1.32 billion rate in the near future. According to him, after a slight drop, the price of ETH could rise by 75%, reaching $ 4100.

As for Solana SOL $233.33 Solana 8.08% Market capitalization $110.74 billion VOL. 24 hours $1.84 billion , Inmortal sees similarities with its price dynamics in 2021, when the rate rose sharply after a long period of consolidation. At that time, Solana was trading below $ 60 and later reached its all-time high of $ 259. Now, the SOL rate is $ 165, and the analyst suggests that the cryptocurrency may repeat a similar scenario with a new rally.

Inmortal also draws attention to the Floki (FLOKI) memo token, which, in his opinion, is preparing for a breakthrough. He notes that FLOKI is showing positive growth signals due to the formation of «higher lows,» which may portend a significant price increase to $ 0.21.

The analyst emphasizes that cryptocurrency assets such as Ethereum and Solana have the potential for significant growth, but investors should take a balanced approach to their investment decisions. It is important to keep in mind the high volatility of the crypto market and the risks it carries.

Despite the optimistic forecasts, Inmortal emphasizes that any decision to buy or sell cryptocurrencies should be based on a thorough analysis. He advises investors to keep an eye on key price levels, as the success of possible breakouts depends heavily on market dynamics and macroeconomic factors.

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BTC

$89,872.05

-1.21%

ETH

$3,074.10

-2.54%

BNB

$618.06

-1.32%

XRP

$1.04

-13.48%

SOL

$233.33

8.08%

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