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Pseudonymous Analyst Inmortal: Solana (SOL) Will Outperform Bitcoin (BTC) and Ethereum (ETH) This Cycle

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Release: 2024-07-30 12:54:17
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Pseudonymous analyst Inmortal tells his 214500 followers on the social media platform X that he has his eye on Solana (SOL).

Pseudonymous Analyst Inmortal: Solana (SOL) Will Outperform Bitcoin (BTC) and Ethereum (ETH) This Cycle

A popular crypto strategist is sharing his outlook on several key assets, including Solana (SOL), memecoin Floki (FLOKI) and Bitcoin (BTC).

The pseudonymous analyst, known as Inmortal, has his eyes on Solana (SOL) among the large-cap layer-1 altcoins.

“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 bolster his bullish stance on SOL, Inmortal highlights a potential parabolic rally in the making if Solana follows its late-2020 price action.

“You are here. SOL.”

The trader’s chart suggests that SOL could be poised for a strong move if it breaks through the resistance at $200.

SOL is trading at $189 at the time of writing.

The analyst is also upbeat on Floki (FLOKI) in the memecoin realm.

“We keep expanding. Remember, retail loves memecoins. FLOKI.”

The analyst’s chart anticipates FLOKI’s ascent to his target, around $0.00028, by late August.

FLOKI is currently priced at $0.000177 at the time of writing.

As for Bitcoin (BTC), the trader presents a scenario where the crypto king dips to $50,000 before bouncing and consolidating above $60,000 toward the end of the year.

However, after the consolidation, Inmortal anticipates BTC will surge to new all-time highs by Q2 2025.

“Imagine. Breakout + new ATH (all-time high) + 100 more days of consolidation. BTC.”

Bitcoin is trading at $69,283 at the time of writing.

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