A crypto strategist who is closely monitored by many believes that Solana (SOL), a major competitor to Ethereum (ETH), could experience a significant rally of more than 230%. In his social media post, the pseudonymous analyst Inmortal informs his large following of 213,800 individuals on X that Solana has the potential to reach a new all-time high (ATH) by the end of the summer. He also predicts that the price of Solana will consolidate before breaking through the diagonal resistance and achieving new ATHs. Solana had previously reached its ATH of approximately $260 in November 2021. As of now, Solana is trading at $178, showing a slight decline in the last 24 hours.

Moving on, the analyst expresses his belief that Ethereum’s rally at the beginning of the week will likely have a positive impact on memecoins Pepe (PEPE) and Floki (FLOKI), causing their prices to rise. He explains that when Ethereum experiences positive movement, it allows altcoins like PEPE and FLOKI to move freely as well, due to the phenomenon of contagion and muscle memory. According to his chart analysis, the analyst suggests that Floki has the potential to reach $0.000340, which would represent a gain of over 52% from its current value. As of now, Floki is trading at $0.000223, showing an increase of nearly 2% in the last 24 hours.

Lastly, the analyst predicts that Chainlink (LINK), a decentralized oracle network, will reach $28 if it manages to maintain support at $16 on the three-day chart. He mentions that the “Marines” are ready to push the price higher if it surpasses the $16 mark. Currently, LINK is trading at $16.35, indicating a 2% decline in the last 24 hours.

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