Widely respected trader Inmortal says this year will see massive gains for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and additional altcoins.
An anonymous trader tells his 214,000 followers on social media platform
Inmortal cites API3’s recent strategic funding round led by digital asset investment firm DWF Labs and bullish tech on the altcoin charts.
“API3 is about to be sent.
API3 has successfully closed a strategic funding round, allocating treasury assets in exchange for 4 million USDC.
About charts? There’s nothing more to add. It’s just overly optimistic.
> +600 days accumulated or more
> Clean retest of ACC zone.
send.”
Looking at the trader’s chart, it appears that Ethereum-based altcoins were predicted to rise to $6. As of this writing, API3 is trading at $3.37, up more than 9% in the past day.
Looking at the broader market, Inmortal is predicting a strong finish to 2024 for BTC, ETH, and SOL. While the next few months are likely to be uneventful for most digital asset markets, a full-fledged “parabolic upward trend” is expected to emerge in the fourth quarter, according to the analyst.
“> Boring June-July (cropping both ways + some trapping)
> Resumption of upward trend in August
> Parabolic trend throughout the fourth quarter
BTC is above $100,000, ETH is above $10,000, and $SOL is above $500.
Altcoins do x2-x5.
“Charts never lie.”
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Featured image: Shutterstock/Salamahin/Viktoriia Bondarenko