A popular crypto analyst thinks Ethereum (ETH) competitor Solana (SOL) could soar to new all-time highs in the coming year.
The pseudonymous trader known as Inmortal shares a graph with his 202,700 followers on the social media platform
Inmortal’s chart predicts that the sixth-ranked crypto asset by market cap will rise to around $100 by the end of this year and then realize most of its gains in the second half of 2024.
SOL is trading at $60.81 and is down more than 3% in the last 24 hours. The Ethereum competitor’s all-time high is around $260, which it reached in November 2021, according to Coin gecko.
Looking at the peer-to-peer payment network Litecoin (LTC), Inmortal predicts the crypto asset could rise to around $90 by early 2024.
LTC is trading at $72.38 at the time of writing.
In terms of Bitcoin (BTC), the analyst say There could be a BTC price dip this week. Inmortal notes that $38,000 is the level at which he wants to go long the major crypto assets.
BTC is trading at $41,894 at the time of writing, its highest level since April 2022. The top crypto is up over 6% in the past 24 hours and almost 20% in the past month.
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Generated image: Midjourney