A renowned crypto strategist and trader, known as Inmortal, has shared his insights on the digital asset market for the first few months of the year, particularly focusing on Ethereum (ETH) in Q1.
Inmortal, with a sizable following of 222,400 on X, is optimistic about Ethereum’s potential for rallies in the upcoming quarter. Drawing parallels to ETH’s price action in Q1 2024, the trader believes that ETH is poised for significant growth in the coming months.
According to Inmortal’s chart analysis, he predicts that Ethereum could reach a new all-time high of $5,300 by March, surpassing its current value of $3,646. Additionally, the trader anticipates that old altcoins and AI-focused projects will experience a surge in value over the next three months.
In his forecast for Q1, Inmortal highlights several key points:
1. Ethereum is expected to outperform other assets.
2. Solana (SOL) could see a significant increase of over $300.
3. AI-focused coins are likely to experience substantial price gains.
4. Memecoins may underperform, except for Floki (FLOKI).
5. Dino coins are expected to have a positive run.
While memecoins are not expected to see significant gains in Q1, Inmortal expresses confidence in Floki, referring to it as the “memecoin leader.” The trader’s chart analysis suggests that Floki’s price action mirrors that of Pepe (PEPE) in late 2023 to early 2024, hinting at a potential new all-time high of $0.0005 for Floki by the end of Q1, compared to its current value of $0.00019.
In addition to his predictions, Inmortal encourages readers to stay informed by subscribing to email alerts and following market updates on X, Facebook, and Telegram. The trader also emphasizes the importance of monitoring price action to make informed investment decisions.
Overall, Inmortal’s insights provide valuable information for investors looking to navigate the dynamic digital asset market in the first quarter of the year. Stay tuned for further updates and developments in the crypto space.