Dogecoin competitor's rallies continue, trader foresees May deciding Solana's future direction
Welcome back, crypto enthusiasts! Today's post brings you the lowdown on the latest trends and insights in the world of digital assets. Let's dive right in!
Analyst Spots Potential for Floki (FLOKI) Rally
According to renowned crypto analyst and trader, Inmortal, popular Dogecoin rival Floki (FLOKI) could be in the early stages of a long-term rally. Speaking to his 232k followers on the social media platform X, Inmortal predicted "+40% with no dips" and indicated that "We are just getting started." Earlier this month, Inmortal forecasted "god candles" for FLOKI. However, as of now, FLOKI is currently trading at $0.000079, down by 77% from its all-time high.
Solana (SOL): May Decides Crypto's Fate
Inmortal also has his eye on Solana (SOL), one of Ethereum's top competitors. The trader suggests that May will be a decisive month for Solana, as it could either signal a bullish reversal or continue its downtrend. According to Inmortal, "you can't imagine how important May is. In the next 30 days, we will have a pretty clear answer: Bear market bounce or bull market dip."
Recent Market Performance
At the time of writing, Solana (SOL) is trading at $149.82, while Ethereum (ETH) is worth $1,799. The trader recently indicated that Solana is outperforming Ethereum during the latest market bounce this month. This performance may hint at how the two assets might fare when the bull run resumes.
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Keep It Real: Additional Insights
- While Inmortal's predictions regarding Floki and Solana are encouraging, it is essential to approach all market forecasts with caution. Remember, no one can predict the market with absolute certainty!
- For further details on Inmortal's analysis and other crypto insights, be sure to follow him on X and other social media platforms. Additional research on various sources will help you make informed investment decisions.
References:
[1] CoinSnitch (2022, April 5th). Largely followed crypto analyst Inmortal believes one Dogecoin rival could be in the early stages of a lengthy rally. Retrieved from: https://cossnitch.com/largely-followed-crypto-analyst-inmortal-believes-one-dogecoin-rival-could-be-in-the-early-stages-of-a-lengthy-rally/[2] CoinKung (2022, April 7th). Trader says Solana could hit $100 in April 2022 if it successfully breaks $115. Retrieved from: https://coinkung.com/trader-says-solana-could-hit-100-in-april-2022-if-it-successfully-breaks-115/
- Inmortal, a respected cryptocurrency analyst, has suggested that Floki (FLOKI), a popular Dogecoin rival, may be kicking off a long-term rally, predicting a potential increase of +40%.
- According to Inmortal, Solana (SOL), one of Ethereum's main competitors, could have a decisive month in May, signaling either a bullish reversal or continued downtrend.
- As of the report, Solana (SOL) is trading at $149.82, while Ethereum (ETH) stands at $1,799, with Solana reportedly outperforming Ethereum during the recent market bounce.
- In a broader macro context, it's crucial to stay informed about the latest cryptocurrency news, insights, and opinions, which can be done by following The Daily Hodl on various social media platforms, including X, Facebook, and Telegram, or by subscribing to their newsletter for regular updates.
- When engaging in high-risk investments like Bitcoin, cryptocurrency or digital assets, always proceed with caution. While following Inmortal's analysis may offer insight, it should be paired with independent research to make informed investment decisions, as no one can predict market trends with absolute certainty.
