A closely followed crypto strategist believes that Ethereum (ETH) is going to keep climbing even after its recent gains.
Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that the leading smart contract platform will likely soar to $4,800, a more than 36% gain from its current value.
“You don’t need to be a genius to know what ETH will do next.”
Looking at his chart, the trader suggests that ETH could mirror a Bitcoin price pattern. BTC returned to its all-time high from 2021 and the trader predicts ETH will soon do the same.
Next up, the trader predicts that dog-themed crypto asset Floki (FLOKI) will be a top-performing memecoin this market cycle like Dogecoin (DOGE) was in 2021.
“FLOKI is about to do what DOGE did in 2021. It’s memecoin season and Floki will be the best performer, in my opinion.”
Looking at his chart, the trader suggests that Floki could cross the $0.0018 level in April, a staggering 1,465% increase from the current value.
Floki is trading for $0.000115 at time of writing, down more than 22% in the last 24 hours.
Lastly, the trader says that crypto has entered a bull market and prices will likely continue moving to the upside for a while.
“Remember the days of pain when the price only went down? This is the same but in reverse. Acceleration works in both directions. Enjoy.”
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The post Altcoin Rallies Incoming for Ethereum (ETH) and One Dogecoin (DOGE) Rival, According to Crypto Trader appeared first on The Daily Hodl.