Ethereum
Crypto Trader Says Ethereum Rival Is Fastest Horse This Cycle, Updates Outlook on FLOKI
A widely followed crypto strategist believes a large-cap Layer 1 altcoin will outperform most digital assets this cycle.
Pseudonymous analyst Inmortal tell his 214,500 followers on the social media platform X that he has his eye on Solana (GROUND).
“Solana is the fastest horse in this cycle.
It will continue to outperform BTC and ETH.
You don’t have to be the smartest man in the room to know that.
GROUND.”
To support his bullish stance, Inmortal reminds his supporters that Solana could be on the verge of a parabolic rally if it mirrors its late 2020 price action.
“You are here. SOL.”
Source: Immortal/X
From the trader’s chart, he seems to predict that SOL will see a strong rally if it manages to overcome its resistance at $200.
At the time of writing, SOL is trading at $189.
The analyst is also bullish on the memecoin Floki (FLOKI). The analyst shares a chart suggesting that FLOKI will climb towards its target at around $0.00028 by the end of August.
“We continue to grow.
Remember, retail loves memecoins.
FLOKI.”
Source: Immortal/X
At the time of writing, FLOKI is worth $0.000177.
As for Bitcoin (Bitcoin), the trader unveils a scenario where the crypto king sees a decline to the $50,000 level before bouncing and consolidating above $60,000 towards the end of the year.
But after the consolidation, Inmortal sees Bitcoin reaching new all-time highs by Q2 2025.
“Imagine.
Breakout + new ATH (all-time high) + 100 more days of consolidation.
“Bitcoin.”
Source: Immortal/X
At the time of writing, Bitcoin is trading at $69,283.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: Midjourney