The analyst named the main competitors of Ethereum, whose value will increase significantly

An analyst under the pseudonym Inmortal told his 214,500 followers on the X platform that he sees prospects for significant growth of Ethereum’s main competitors.

According to the expert, he is looking at Solana (SOL). «Solana is the fastest horse in this cycle. It will continue to outperform BTC and ETH. You don’t have to be the smartest guy in the room to know that,» wrote Inmortal.

To support his bullish stance, Inmortal reminds his followers that SOL could be on the verge of a parabolic rally if it repeats the price action of late 2020. Judging by the trader’s chart, he predicts that SOL will rise if it overcomes resistance at $ 200. At the time of writing, SOL is trading at $ 189.

Inmortal is also optimistic about the Floki (FLOKI) memecoin. The analyst shared a chart showing that FLOKI will reach its target at the end of August. «We continue to expand. Remember that retailers love memecoins.»

Regarding bitcoin, the trader revealed a scenario in which the crypto king will witness a drop to the $ 50,000 level and then rebound and consolidate above $ 60,000 by the end of the year. But after consolidation, Inmortal sees bitcoin breaking through to new all-time highs by Q2 2025. «Imagine this. A breakout of a new ATH (all-time high) after another 100 days of consolidation,» Inmortal wrote.