Analyst's Insights
Cryptocurrency markets often pay heed to analysts' forecasts, and one prominent commentator, Inmortal, has suggested the likelihood of substantial price surges for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and an alternative digital asset.
Altcoin Analysis
Inmortal conveyed key insights on X, a platform he utilized for important discussions. Addressing a large audience, he highlighted API3, a decentralized data oracle network aiming to fuse conventional APIs with blockchain applications, anticipating a resurgence following an extended consolidation phase.
Inmortal highlighted the recent strategic funding initiative spearheaded by DWF Labs, a renowned investment entity, alongside optimistic projections for the altcoin's performance.
API3 appears poised for an upward trajectory. A strategic funding round successfully concluded with treasury assets valued at four million USDC. What about the charts? Nothing less than a hyper bullish sentiment.
- Accumulation phase spanning over 600 days.
- Accurate retest of the Accumulation region.
Send it.
The trader's assessment indicates that the Ethereum-based altcoin, API3, could reach $6. At the time of writing, API3 is priced at $3.20 after experiencing a 3.97% decline in the past 24 hours.
Even after the recent slump, API3's market capitalization hovers around $276 million, with a 24-hour trading volume exceeding $48 million after a substantial 64% surge.
Bitcoin, Ethereum, and Solana Forecast
Inmortal's evaluation extended to prominent cryptocurrencies like BTC, ETH, and SOL, suggesting a positive trajectory for the coming months. While a temporary stagnation phase is anticipated through June and July, the analyst foresees the development of a complete parabolic uptrend by the fourth quarter.
- A lackluster June-July with potential pitfalls on both ends.
- August continuing the uptrend.
- A parabolic surge anticipated in Q4.
BTC crossing the $100,000 mark, ETH surpassing $10,000, SOL breaching $500. Expect altcoins to escalate by a factor of 2-5. Charts remain a reliable indicator.
At present, Bitcoin is traded at $69,100, while Ethereum maintains its position around $3,772. Following recent revelations on BTC and ETH ETFs, SOL is speculated to be trading at $166.
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