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Analyst comments continue to hold significant importance in the world of cryptocurrencies. One closely followed analyst, Inmortal, has indicated that this year could see significant price rallies for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and an altcoin.
Analyst’s Altcoin Commentary
Inmortal shared a post on X to make important announcements. In his statement to thousands of followers, he mentioned that API3, a decentralized data oracle network aiming to integrate traditional APIs into blockchain applications, is ready to rise after a long consolidation period.
Inmortal discussed the recent strategic funding round led by DWF Labs, one of the world’s leading investment firms, and the bullish outlook on the altcoin’s chart.
API3 is about to rise. API3 successfully completed a strategic funding round by allocating treasury assets worth four million USDC. What about the chart? Nothing more to add, just hyper bullish.
- Accumulation for over 600 days.
- Clean retest of the Acc region.
Send it.
According to the trader’s comment, the Ethereum-based altcoin API3 could reach $6. As of the time of writing, API3 is trading at 3.20 after a 3.97% drop in the last 24 hours.
API3’s market cap remains at 276 million dollars following the recent drop, while its 24-hour trading volume exceeded 48 million dollars after a 64% increase.
Bitcoin, ETH, and Solana Commentary
Inmortal also looked at leading cryptocurrencies BTC, ETH, and SOL, indicating a strong outlook for the rest of the year. The analyst noted that the coming months will likely be stagnant for cryptocurrencies, but a fully developed “parabolic uptrend” could form by the fourth quarter.
- Boring June-July (some traps on both sides)
- Uptrend continued in August.
- Parabolic trend throughout Q4.
BTC surpasses $100,000, ETH over $10,000, SOL above $500. Altcoins will multiply x2-x5. Charts never lie.
As of the time of writing, Bitcoin is trading at $69,100, while Ethereum continues to trade around $3,772. Following recent BTC and ETH ETF news, SOL is thought to be trading at $166.
