A well-regarded crypto strategist has cast a spotlight on Solana ($SOL), an Ethereum ($ETH) rival, predicting an extraordinary ascent in its value. The analyst, known by the pseudonym Inmortal, has shared with his over 207K followers on the social media platform X, a vision where Solana could witness a staggering increase of more than 340% from its present valuation by the year 2025.
Drawing parallels to Ethereum’s remarkable rally in 2021, which saw its price catapult from $80 to $4500, Inmortal envisions a similar trajectory for Solana. He suggests that $SOL could leap from its current price of $8 to an impressive $450 in 2025.
$ETH went from $80 to $4500 in 2021$SOL will go from $8 to $450 in 2025
— Inmortal (@inmortalcrypto) February 23, 2024
Don't @ me. pic.twitter.com/SUnlLOvgLk
Despite this long-term optimism for $SOL, Inmortal anticipates that Ethereum might outshine Solana in the short term. He speculates, “$ETH has a good chance to outperform $SOL in the coming months. After that, $SOL will be the leader again.”
Just talking out loud.$ETH has a good chance to outperform $SOL in the coming months.
— Inmortal (@inmortalcrypto) February 22, 2024
After that, $SOL will be the leader again.
The analyst is keenly observing Solana’s ability to convert critical resistance levels into support, with significant price targets set at $120-$130, followed by $190-$200. He describes these levels as pivotal, indicating that Solana’s price could rapidly move between these key points, hinting at a volatile yet potentially rewarding journey for investors.
Three most important levels in $SOL
— Inmortal (@inmortalcrypto) February 22, 2024
We teleport from one to the other. pic.twitter.com/umDzixYtlX
At the time of writing, Solana trades at $104.63, marking a 3.51% increase over the last 24 hours, reflecting a positive trend that aligns with Inmortal’s bullish forecast.
Beyond Solana, Inmortal’s predictions extend to Bitcoin, anticipating a retest of the $47,000 mark in the coming week, with expectations of a surge beyond $53,000 in early March. His strategy is clear: “Not interested in shorts. I’ll turn off my brain and wait for this setup to develop,” indicating a confident wait-and-see approach to the unfolding market dynamics.
Not interested in shorts.
— Inmortal (@inmortalcrypto) February 20, 2024
I'll turn off my brain and wait for this setup to develop.$BTC pic.twitter.com/IBuz48JwSP
Interestingly, the analyst also touches upon the meme coin sector, predicting that Floki ($FLOKI), a dog-themed crypto asset, is likely to outperform its rival, Dogecoin ($DOGE). Contrary to the usual trend where $DOGE leads, Inmortal believes, “Floki will lead this cycle,” suggesting a shift in the memecoin hierarchy.
$DOGE will end this +600 days accumulation soon.
— Inmortal (@inmortalcrypto) February 19, 2024
I would say that $FLOKI will follow $DOGE but I think it will be the other way around.
Floki will lead this cycle. pic.twitter.com/qY78CYSn2k
Featured Image via Unsplash
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