After Bitcoin’s consecutive ATH of over $108,000, the crypto market is gaining momentum again with bullish forecasts from analysts like Inmortal. Inmortal’s $500 price target for one of the most bullish cryptocurrencies, Solana (SOL), has excited investors.
Crypto analyst Inmortal recently made headlines with his SOL price prediction. In his latest X post, the analyst claimed that Solana2 will reach $500 and cannot be stopped. Following Inmortal's words, which stated that the declines were merely distractions, the new SOL token pre-sale gained momentum. The funds collected from investors who wanted to purchase Solaxy tokens, the first Layer-2 solution on the Solana network, exceeded $350,000 on the first day of the pre-sale.
Of course, it is not possible to say for sure whether the price will reach $500, but the green color in CoinMarketCap data gives hope to investors.
Solaxy, which came on the scene at a time when the expectation for the rise in Solana was at its peak and BTC was repeating its ATH, is being flooded with investors as an alternative to SOL.
