One prominent cryptocurrency analyst believes that Ethereum (ETH) rival Solana (SOL) could hit an all-time high within the next year.
pseudonymous trader known as Inmortal stock A chart featuring 202,700 followers on social media platform
Inmortal’s chart predicts that the sixth-largest cryptocurrency asset by market capitalization will jump to around $100 later this year and then realize most of its gains in the second half of 2024.
SOL is trading at $60.81 and is down more than 3% in the last 24 hours. According to CoinGecko, the Ethereum competitor’s all-time high of around $260 was hit in November 2021.
Looking at P2P payment networks Litecoin (LTC) and Inmortal predict The cryptocurrency asset could rise to around $90 by early 2024.
LTC is trading at $72.38 at the time of this writing.
Analysts on the Bitcoin (BTC) side Called There may be a decline in BTC price this week. Inmortal says $38,000 is the level at which he would like to take a long position on the top cryptocurrency asset.
BTC is trading at $41,894 at the time of this writing, its highest level since April 2022. The price of the top cryptocurrency is up more than 6% in the last 24 hours and is up almost 20% over the past month.
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