Dogecoin competitor's rallies forecast to carry on, trader predicts May as the month that will determine Solana's direction
The Daily Hodl's Crypto Insights
Welcome back to The Daily Hodl, your go-to source for everything crypto! Today, we've got some exciting insights on two top competitors of the ever-popular Dogecoin: Floki (FLOKI) and Solana (SOL). Let's dive in!
Floki's Foray
Leading crypto analyst and trader Inmortal has his eyes on the fast-rising Floki (FLOKI). According to him, FLOKI is just scratching the surface of a major rally, with potential gains of up to 40% and more[1]. In his bold prediction, Inmortal adds, "We are just getting started."[1]
Last month, Inmortal had foreseen "god candles" coming for FLOKI[1]. At the moment, FLOKI is trading at $0.000079, which, though impressive, is still 77% below its all-time high.[2]
Solana's Surge
Inmortal also has high hopes for Solana (SOL). The trader believes that May 2025 will be crucial in determining whether Solana can pull off a bullish reversal.[2] If successful, Solana could either print a bullish higher low setup or continue its downtrend in the coming month.[2]
A bullish reversal, as suggested by Inmortal, could potentially pave the way for Solana to reach new highs by the end of this year, keeping pace with an anticipated surge in Bitcoin's value.[3] At the current moment, SOL trades at $149.82, while Ethereum is valued at $1,799.[2]
So, there you have it! Inmortal's insights suggest that Floki and Solana are both worth keeping an eye on, with plenty of potential for growth in the near future. Be sure to subscribe to The Daily Hodl for the latest crypto news and updates!
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- Inmortal, a leading crypto analyst, expects Floki (FLOKI) to potentially gain up to 40% or more, and he suggests that "We are just getting started."[1]
- At the current moment, Floki (FLOKI) is trading at $0.000079, a price that is still 77% below its all-time high.[2]
- Inmortal also sees potential in Solana (SOL), predicting a bullish reversal in May 2025, which could pave the way for Solana to reach new highs by the end of this year.[3]
- The anticipated surge in Bitcoin's value could coincide with Solana's potential bullish reversal, as suggested by Inmortal.[3]
- Macro guru Raoul Pal sees Bitcoin surging for the next 12 months, a prediction that emphasizes the ongoing interest in cryptocurrency and its impact on the future of finance. [4]
