Closely followed crypto analyst Inmortal shared positive views on Solana (SOL) and Floki (FLOKI), which he believes have high potential. The analyst also evaluated the current outlook for Bitcoin (BTC) and warned investors of a significant drop before a potential rise.
Strong Rally Expected for Solana and Floki
Inmortal shared on his social media platform X account that he predicts Solana will outperform Bitcoin and Ethereum (ETH) in the current cycle.
According to the analyst, if Solana repeats its price movement from late 2020, a parabolic rally could occur. To support this prediction, he stated that he expects a significant rise after Solana surpasses its resistance at the $200 level. At the time of writing, SOL is trading at $189.
Inmortal also painted a positive picture for the popular memecoin Floki. The analyst predicts that Floki’s price could reach $0.00028 by the end of August. This prediction implies a significant rise from Floki’s current value of $0.000177. Inmortal emphasized that the high interest of individual investors in memecoins will continue to make these assets attractive.
Major Drop Predicted for Bitcoin
Lastly, commenting on Bitcoin, Inmortal predicts that the price of the largest cryptocurrency could first drop to $50,000, then consolidate above $60,000.
Following this consolidation, he stated that Bitcoin could reach new all-time highs in the second quarter of 2025. This prediction came at a time when Bitcoin had pulled back from the $70,000 threshold and was trading at $66,500.
