A closely followed crypto strategist believes that one top-10 altcoin could soar by more than 350%.
Pseudonymous analyst Inmortal tells his 207,800 followers on the social media platform X that his new price target for Solana (SOL) is $600.
He also predicts Bitcoin (BTC) could hit $120,000 and Ethereum (ETH) $10,000.
Says Inmortal,
“BTC: $61,940 to $120,000 = 94%
ETH: $3,420 to $10,000 = 192%
SOL: $132 to $600 = 355%”
The trader previously said that SOL may go parabolic similar to how ETH reached its all-time high (ATH) in 2021. He also predicted that in the near term, ETH will outperform SOL but then “SOL will be the leader again.”
According to the trader, Solana may confirm its bullish momentum by first flipping key resistance levels into support with the first key price target of $120-$130, followed by $190-$200.
He is also turning bullish on dog-themed crypto asset Floki (FLOKI), suggesting it may soar even higher as it follows the lead of Dogecoin (DOGE) rival Pepe (PEPE)
“PEPE pumped. FLOKI next. Muscle memory, contagion. Call it what you want, but it works.”
Looking at his chart, the trader suggests that FLOKI may remain bullish and print a similar price pattern as PEPE, after both memecoins broke their December highs.
PEPE is trading for $0.000003968 at time of writing, up 47% in the last 24 hours, while FLOKI is trading for $0.00008957 at time of writing, up more than 69% in the last 24 hours.
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The post Analyst Forecasts 350% Rally for Top-10 Altcoin, Unveils Massive Price Targets for Bitcoin and Ethereum appeared first on The Daily Hodl.