A popular crypto analyst thinks Ethereum (ETH) competitor Solana (SOL) could skyrocket to new all-time highs within the next year.
The pseudonymous trader known as Inmortal shares a chart with his 202,700 followers on the social media platform X that projects SOL surging to $360 by the beginning of 2025.
Inmortal’s chart predicts the sixth-ranked crypto asset by market cap will jump up to around $100 near the end of this year and then realize most of its gains in the second half of 2024.
SOL is trading at $60.81 and is down more than 3% in the past 24 hours. The Ethereum competitor’s all-time high is around $260, which it hit in November 2021, according to CoinGecko.
Looking at the peer-to-peer payments network Litecoin (LTC), Inmortal predicts the crypto asset could jump to around $90 by early 2024.
LTC is trading at $72.38 at time of writing.
In terms of Bitcoin (BTC), the analyst says there could be a BTC price dip this week. Inmortal notes that $38,000 is the level where he wants to go long on the top crypto asset.
BTC is trading at $41,894 at time of writing, its highest level since April 2022. The top crypto is up more than 6% in the past 24 hours and nearly 20% in the past month.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Click Here to Read the Full Original Article at The Daily Hodl…
