One of the leading analysts of the cryptocurrency market made important statements about Solana (SOL) and its follower Avalanche (AVAX), and also made evaluations for Floki (FLOKI), which is among the meme coins.
The well-known analyst stated that Solana, known as a rival to Ethereum, could lead the potential rises in the market. Analyst named Inmortal emphasized in his post on Twitter that Avalanche also follows Solana closely and shared graphs showing that SOL and AVAX have similar price movements.
For AVAX, the analyst stated that it will move with a target of $ 42 and that it may rise after taking back the critical support point at $ 27. AVAX is trading at $30.43, down over 5% in the last 24 hours. While the market volume was 11.9 billion dollars, the transaction volume decreased by 44% to 488 million dollars.
As for Solana (SOL), the analyst predicted that it outperformed Bitcoin and Ethereum and could reach a new all-time high by the end of summer. He stated that SOL could rise up to $260 as of September. SOL is trading at $175.14 at the time of writing, down 2%. While the market volume was recorded as 81 billion dollars, the transaction volume was 2.87 billion dollars.
According to the analyst's comment, Floki (FLOKI) has the potential to gain momentum in the near future and reach the level of $ 0.00028 within the next month. FLOKI is trading at $0.000186 after a 6% decline. Its last 7-day movement is still increasing by 0.69%.
In summary, according to the analyst's evaluations:
Solana is expected to rise to $200 by the beginning of 2024.
There is a potential for Avalanche to rise to $42 as it retakes the $27 support level.
It is predicted that SOL could reach $260 by the end of September.
It seems likely that Floki will move towards the $0.00028 level in the near future.
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