A closely followed crypto strategist is naming the one memecoin he believes will outperform all others in the current bull market cycle.
Pseudonymous analyst Inmortal tells his 206,200 followers on the social media platform X that dog-themed crypto asset Floki (FLOKI) is gearing up for a massive rally.
“FLOKI is THE memecoin for this bull run. You can try to change my mind, but you won’t succeed.”
The trader’s chart draws a comparison between Dogecoin (DOGE) and FLOKI, suggesting FLOKI could soar in price the same way that DOGE did in 2021 after trading sideways for much of 2020 like FLOKI did in 2023.
FLOKI is trading for $0.0000277 at time of writing, up nearly 1% in the last 24 hours.
The trader also has his eye on decentralized oracle provider Chainlink (LINK). He predicts LINK will head to $100 this cycle, a nearly 440% increase from its current value.
“After complex mathematical calculations and years of research, I have come to these conclusions:
1. LINK is extremely undervalued (I have been saying this since it was at $6 lmao).
2. At some point in this cycle: one LINK = $100.”
LINK is trading for $18.54 at time of writing, down 3.4% in the last 24 hours.
Lastly, the trader says that Solana’s (SOL) price stability despite having a network outage Tuesday indicates that the crypto market is in a bullish cycle.
“SOL chain went down, price didn’t. In a bear market you would have seen a -20% candle. What else do you need to finally accept where we are in the cycle?”
Solana is trading for $95.47 at time of writing, down slightly in the last 24 hours.
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The post Here’s The Next Big Memecoin for This Bull Market Cycle, According to Closely Followed Crypto Analyst appeared first on The Daily Hodl.