Crypto Analyst Envisions Solana (SOL) Soaring to New Heights
A well-known crypto analyst, operating under the pseudonym Inmortal, has shared optimistic insights about Solana (SOL), a prominent Ethereum (ETH) competitor. Inmortal, with a substantial following of 202,700 on the social media platform X, recently presented a chart projecting a remarkable surge in SOL’s value, aiming for a new all-time high of $360 by the beginning of 2025.
The provided chart outlines Inmortal’s predictions for SOL’s performance, indicating a potential increase to around $100 by the end of the current year. The majority of these anticipated gains are expected to materialize in the second half of 2024.
SOL is currently trading at $60.81, reflecting a decrease of more than 3% in the past 24 hours. It’s noteworthy that SOL’s previous all-time high, recorded in November 2021, stands at approximately $260, as per data from CoinGecko.
Insights into Other Crypto Assets
Examining the peer-to-peer payments network Litecoin (LTC), Inmortal suggests the possibility of LTC reaching around $90 by early 2024. As of the latest data, LTC is trading at $72.38.
Bitcoin (BTC) Price Analysis
Shifting focus to Bitcoin (BTC), Inmortal anticipates a potential dip in BTC’s price for the current week. He identifies the $38,000 level as a strategic point for initiating a long position on the leading cryptocurrency.
As of the latest update, BTC is trading at $41,894, marking its highest level since April 2022. Over the past 24 hours, BTC has surged more than 6%, and in the past month, it has recorded a substantial gain of nearly 20%.
