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Home»ALTCOIN NEWS»Crypto trader updates his outlook on FLOKI, saying it is one of the fastest horses in this cycle and one of the Ethereum competitors
ALTCOIN NEWS

Crypto trader updates his outlook on FLOKI, saying it is one of the fastest horses in this cycle and one of the Ethereum competitors

By Crypto FlexsJuly 30, 20242 Mins Read
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Crypto trader updates his outlook on FLOKI, saying it is one of the fastest horses in this cycle and one of the Ethereum competitors
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A prominent crypto strategist believes that one large-cap layer-1 altcoin will outperform most digital assets this cycle.

Inmortal, a pseudonymous analyst, told his 214,500 followers on social media platform X that he was keeping an eye on Solana (SOL).

“Solana is the fastest horse in this race.

It is expected to outperform BTC and ETH in the future.

You don’t have to be the smartest person in the room to figure that out.

brush.”

To support his bullish stance, Immortal reminded his followers that Solana could be in for a parabolic rally if its price action resembles that of late 2020.

“You are here. SOL.”

Source: Inmortal/X

Based on the trader’s chart, it appears he is predicting a surge once SOL breaks the $200 resistance level.

At the time of writing, SOL was trading at $189.

The analyst is also bullish on memecoin Floki (FLOKI). The analyst shares a chart suggesting that FLOKI will reach its target of around $0.00028 by the end of August.

“We continue to expand.

Remember, retailers love memecoins.

“Floki.”

video
Source: Inmortal/X

At the time of writing, FLOKI was valued at $0.000177.

In the case of Bitcoin (BTC), the trader predicted that the cryptocurrency price would drop to the $50,000 level before rebounding and stabilizing above $60,000 by the end of the year.

However, Immortal predicts that Bitcoin will hit a new all-time high in Q2 2025 after the consolidation.

“Imagine.

Breakout + new ATH (highest price) + consolidation period of 100 days or more.

“It’s Bitcoin.”

video
Source: Inmortal/X

As of this writing, Bitcoin is trading at $69,283.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

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