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Home»Analysis»Crypto Trader Says One Ethereum Rival Is the Fastest Horse This Cycle, Updates Outlook on FLOKI
Analysis

Crypto Trader Says One Ethereum Rival Is the Fastest Horse This Cycle, Updates Outlook on FLOKI

2024-07-29No Comments2 Mins Read
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A closely watched crypto strategist thinks one heavily capped Tier 1 altcoin will outperform most digital assets this cycle.

Pseudonymous analyst Inmortal tells his 214,500 followers on the social media platform

“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.

SOL.”

To support its bullish stance, Inmortal reminds its followers that Solana may be on the verge of a parabolic rally if it mirrors the price action of late 2020.

“You’re here. SOL.”

Image
Source: Immortal/X

Based on the trader’s chart, he seems to predict that SOL will enter a dip when the resistance at $200 is cleared.

At the time of writing, SOL is trading at $189.

The analyst is also optimistic about the memecoin Floki (FLOKI). The analyst shares a chart that suggests FLOKI will rise towards its target of around $0.00028 by the end of August.

“We continue to expand.

Remember, the retail industry loves memecoins.

FLOKI.”

Image
Source: Immortal/X

At the time of writing, FLOKI is worth $0.000177.

As for Bitcoin (BTC), the trader reveals a scenario where the crypto king witnesses a dip to the $50,000 level before bouncing and consolidating above $60,000 by the end of the year.

But post-consolidation, Inmortal sees Bitcoin breaking out to new all-time highs in the second quarter of 2025.

“To suggest.

Breakout + new ATH (all-time record) + 100 more days of consolidation.

BTC.”

Image
Source: Immortal/X

At the time of writing, Bitcoin is trading at $69,283.

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Generated image: Midjourney



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See also  XRP Price Rebound Faces Wall - Important technicalities suggest limited top for the bow
Crypto cycle Ethereum fastest Floki Horse Outlook Rival trader Updates
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