A well-known crypto analyst known as Inmortal recently made predictions about potential growth in several altcoins, including Solana (SOL), following a key market correction. Outlining his forecast on social media, Inmortal suggested that Solana, after maintaining its support level around $120, is on a trajectory to reach a new high of $320 in 2024. This prediction comes as Solana currently trades at $147, indicating a possible significant increase in its value.
Solana’s Impact on Other Cryptocurrencies
Inmortal also pointed to a ripple effect from Solana’s rise that could benefit other cryptocurrencies like Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE). He noted that Floki has recently tested and rebounded from the 200 moving average on its eight-hour chart, suggesting its price could rise to $0.00025 after a temporary pullback.
Emerging from the Shadows: Seedify.Fund
Another digital asset catching Inmortal’s eye is Seedify.Fund (SFUND), a platform aimed at incubating blockchain-based games. SFUND is reportedly solidifying its support level at $2.60 and is expected to start an upward trend. The analyst highlighted SFUND’s endurance through a lengthy consolidation period, which suggests a strong potential for upward movement, estimating a target of $6 in coming months.
User-Usable Insights From Analyst Predictions
- Investors may consider monitoring Solana closely as its projected trajectory could offer substantial returns.
- Keeping an eye on related altcoins like Floki and Dogecoin might be beneficial, as their value could climb in conjunction with Solana’s success.
- Seedify.Fund (SFUND) presents a longer-term investment opportunity, given its potential ascent post-consolidation.
As the cryptocurrency market continues to evolve, these insights from a seasoned analyst provide a glimpse into potential movements in the altcoin space. While predictions provide no guarantees, they are a valuable tool for investors navigating the complexities of crypto investments.