Cryptocurrencies

Analyst predicts price explosion of 230% for this Ethereum rival


Pseudonymous analyst Inmortal is bullish on Solana. He expects Ethereum’s rival to reach a new all-time high before the end of the summer. In fact, he predicts an explosive rally of more than 230% for Solana in the short term.

Price stop of $400 to $600 for Solana?

Inmortal’s prediction about the Solana price is simple and clear. First, he predicts a new all-time high before the end of the summer and second, a cycle top of around $400 to $600.

Based on his chart, Inmortal seems to expect a few more months of consolidation before the coin begins its real price explosion.

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Solana’s preliminary all-time high is $260 and that price was reached in November 2021. Now the coin is trading at $176 and is down 1.95% over the past 24 hours.

Of course, this has everything to do with the strong performance of Ethereum, which exploded after positive rumors about a fast Ethereum ETF in America.

Bullish on memecoins

In addition to Solana, Inmortal is also bullish on memecoins. He focuses mainly on PEPE and FLOKI. “A higher Ethereum price gives altcoins free rein to get moving. PEPE knows how to follow Ethereum well and it is very likely that FLOKI will start moving next.

You know how it works. Contagion and muscle memory,” said Inmortal.

Based on his chart, Inmortal seems to expect a price of $0.000340 for FLOKI. That would represent an increase of more than 52% from its current price.

Do you believe that memecoins can experience a huge increase during this cycle or is this cycle more focused on traditional projects such as Bitcoin, Ethereum and Solana?

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