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.
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Author: Daily Hodl Staff
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