A closely watched crypto strategist names the one memecoin he believes will outperform all others in the current bull market cycle.
Pseudonymous analyst Inmortal tells its 206,200 followers on social media platform X, dog-themed crypto asset Floki (FLOKI) is gearing up for a huge rally.
“FLOKI is THE memecoin for this bull run. You can try to change my mind, but you won’t succeed.”
Trader’s chart makes a comparison between Dogecoin (DOGE) and FLOKI, suggesting that FLOKI could rise in price in the same way DOGE did in 2021, after trading sideways for much of 2020, as FLOKI did in 2023 .
FLOKI is trading at $0.0000277 at the time of writing, up almost 1% in the last 24 hours.
The trader also has his eye on decentralized oracle provider Chainlink (LINK). He predicts LINK will go to $100 this cycle, an increase of almost 440% from its current value.
“After complex mathematical calculations and years of research, I have come to these conclusions:
1. LINK is extremely undervalued (I’ve been saying this since it was $6 lmao).
2. At some point in this cycle: one LINK = $100.”
LINK is trading at $18.54 at the time of writing, down 3.4% in the last 24 hours.
Finally, the trader say that the price stability of Solana (SOL) despite the fact that it has a network failure Tuesday indicates that the crypto market is in a bullish cycle.
“The SOL chain went down, but the price did not. In a bear market you would have seen a -20% candle. What else does it take to finally accept where we are in the cycle?
Solana is trading at $95.47 at the time of writing, down slightly in the last 24 hours.
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Generated image: Midjourney
