Will Solana outperform Bitcoin and Ethereum?
Well-known analyst Inmortal expressed his optimism about Sol’s performance in this cycle. He believes that Sol could outperform Bitcoin and Ethereum (ETH). Similar to Sol’s price rise in late 2020, if Solana breaks through the $200 resistance level, the price is expected to rise parabolicly.
Attention has also been turned to the popular Floki. He predicts that Floki’s price could climb to $0.00028 by the end of August, a significant increase from its current price of $0.000177.
What is the future of Bitcoin?
Regarding Bitcoin, Inmortal expects Bitcoin to initially fall to $50,000, followed by a consolidation phase above $60,000. He believes that after this consolidation, Bitcoin could hit a new all-time high in the second quarter of 2025. This prediction is in line with Bitcoin's current performance, with Bitcoin recently retreating from $70,000 to $66,500.
Key insights from the forecast
– If Solana breaks above the $200 resistance level, its price could surge significantly higher.
– Floki’s price may increase significantly due to continued interest from enthusiasts.
– Bitcoin is expected to face a short-term decline before potentially setting new highs in 2025.
In summary, Inmortal’s forecasts provide a glimpse into the potential market movements of Sol, Floki, and Bitcoin. Enthusiasts may find these insights valuable when strategizing their decisions in the evolving cryptocurrency space.
(Personal opinion, not a recommendation)
The market is changing rapidly, and enthusiasts need to stay vigilant
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