Trader Anticipates Ethereum-Based Altcoin to Soar, Forecasts Significant Q4 Surges for Bitcoin, ETH, and Solana
Renowned trader Inmortal predicts significant price surges for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and another altcoin this year. In a post on the social media platform X, the trader, known by the pseudonym Inmortal, informs his 214,000 followers that API3, a decentralized data oracle network aiming to bridge traditional APIs with blockchain applications, is poised for a major breakout following a lengthy consolidation period. Inmortal highlights API3’s recent successful strategic funding round, led by digital asset investment firm DWF labs, as well as the positive technical indicators on the altcoin’s chart. Inmortal is confident in API3’s potential and urges his followers to “send it.” The accompanying chart suggests that the Ethereum-based altcoins will reach $6. Currently, API3 is trading at $3.37, reflecting a more than 9% increase in the past day. In addition to his analysis of API3, Inmortal also predicts a strong finish for BTC, ETH, and SOL in 2024. The trader anticipates a quiet period for the digital asset markets in the coming months, followed by a full-fledged “parabolic uptrend” in the fourth quarter. According to Inmortal’s forecast, BTC will surpass $100,000, ETH will exceed $10,000, and SOL will rise above $500. Altcoins are also expected to perform well, with potential gains of 2 to 5 times their current value. Inmortal emphasizes the reliability of charts and encourages readers to stay informed by subscribing to email alerts and following The Daily Hodl on various platforms. It’s important to note that the opinions expressed in this article are not investment advice, and individuals should conduct their own research and exercise caution when making investment decisions in Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.