Cryptocurrency analyst Inmortal has projected significant price increases for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and API3 in the coming months. His analysis suggests that these digital assets are poised for substantial gains, driven by various market dynamics and strategic investor activities.
What Drives API3’s Bullish Outlook?
Inmortal recently informed his followers on social media platform X about API3, a decentralized data oracle network. He highlighted the altcoin’s potential for a price surge following a prolonged consolidation phase. This optimism comes on the back of a strategic funding round led by DWF Labs, which saw API3 allocate $4 million USDC from its treasury assets.
The analyst emphasized that API3’s chart indicates a “hyper bullish” trend following over 600 days of accumulation and a clean retest of its accumulation region. Currently trading at $3.20, API3 could reach $6 according to Inmortal. Despite a recent dip, the altcoin’s market cap remains at $276 million, with its trading volume soaring by 64% to exceed $48 million in the past 24 hours.
How Will Bitcoin, Ethereum, and Solana Perform?
Inmortal also shared his outlook for BTC, ETH, and SOL, predicting a strong finish for the year. He anticipates a stagnant period for cryptocurrencies in the coming months, followed by a “parabolic uptrend” in the fourth quarter. His projections include BTC reaching over $100,000, ETH surpassing $10,000, and SOL climbing above $500, with altcoins potentially multiplying by 2 to 5 times.
Currently, Bitcoin is trading at $69,100, Ethereum at approximately $3,772, and Solana at around $166 following recent ETF news.
Key Takeaways for Investors
- API3 has strong bullish signals due to strategic investments and prolonged accumulation.
- Bitcoin, Ethereum, and Solana are expected to experience significant price growth by Q4.
- Investors should anticipate a stagnant period before a potential parabolic uptrend.
- Altcoins could see substantial multipliers, enhancing portfolio values.
These insights offer investors concrete strategies to consider, especially in terms of timing and potential asset performance.
In conclusion, Inmortal’s analysis indicates promising outlooks for several key cryptocurrencies. Investors may find these projections useful for making informed decisions in the dynamic crypto market.
