A closely followed cryptocurrency strategist is naming one memecoin that he believes will outperform all others in the current bull market cycle.
Pseudonym analyst Inmortal says 206,200 followers on social media platform
“FLOKI is the meme coin for this bull market. “You can try to change my mind, but you won’t succeed.”
A trader’s chart comparing Dogecoin (DOGE) and FLOKI suggests that after FLOKI has traded sideways for most of 2020, like FLOKI did in 2023, DOGE could surge in price the same way it did in 2021.
FLOKI is trading at $0.0000277 at the time of this writing, up almost 1% in the last 24 hours.
Traders are also keeping an eye on decentralized oracle provider Chainlink (LINK). that predict LINK is headed to $100 this cycle, a nearly 440% increase from its current value.
“After complex mathematical calculations and years of research, I came to the following conclusion.
1. LINK is extremely undervalued. (I’ve been saying this since it was $6.)
2. At some point in this cycle: One LINK = $100.”
LINK is trading at $18.54 at the time of this writing, down 3.4% in the last 24 hours.
Finally, the merchant Called Solana’s (SOL) price stability despite Tuesday’s network outage indicates that the cryptocurrency market is in a bullish cycle.
“The SOL chain went down, but the price did not fall. In a bear market, you would have seen a -20% candle. What else does it take to finally accept where we are in the cycle?”
Solana is trading at $95.47 at the time of writing and has fallen slightly over the past 24 hours.
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