Crypto Trader Says One Ethereum Rival Is the Fastest Horse This Cycle, Updates Outlook on FLOKI
A closely followed crypto strategist thinks that one large-cap layer-1 altcoin will outperform most digital assets this cycle.
Pseudonymous analyst Inmortal tells his 214,500 followers on the social media platform X that he has his eye on Solana (SOL).
“Solana is the fastest horse in this cycle.
It will keep outperforming BTC and ETH.
You don’t have to be the smartest guy in the room to know that.
SOL.”
To support his bullish stance, Inmortal reminds his followers that Solana may be on the verge of a parabolic rally if it mirrors its late 2020 price action.
“You are here. SOL.”
Based on the trader’s chart, he appears to predict that SOL will go on a tear should it take out its resistance at $200.
At time of writing, SOL is trading for $189.
The analyst is also bullish on the memecoin Floki (FLOKI). The analyst shares a chart suggesting that FLOKI will climb toward his target at around $0.00028 in late August.
“We keep expanding.
Remember, retail loves memecoins.
FLOKI.”
At time of writing, FLOKI is worth $0.000177.
As for Bitcoin (BTC), the trader unveils a scenario where the crypto king witnesses a dip to the $50,000 level before bouncing and consolidating above $60,000 toward the end of the year.
But after the consolidation, Inmortal sees Bitcoin breaking out to new historic highs by Q2 of 2025.
“Imagine.
Breakout + new ATH (all-time high) + 100 more days of consolidation.
BTC.”
At time of writing, Bitcoin is trading at $69,283.
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