An individual known as Inmortal, who specializes in crypto trading, has shared his predictions for the digital asset market in the early months of the year, particularly focusing on his outlook for Ethereum (ETH) in Q1.
Inmortal, who has a following of 222,400 on the social media platform X, believes that Ethereum is poised for significant rallies in the current quarter.
The trader is of the opinion that ETH is set to replicate the price action it experienced in Q1 of 2024.
“ETH about to have a good Q1.”
According to the trader’s analysis, ETH is expected to reach a new all-time high of $5,300 by March. As of the current writing, ETH is valued at $3,646.
Additionally, Inmortal anticipates that older altcoins and projects focusing on artificial intelligence (AI) will spark rallies over the next three months.
“In Q1:
1. ETH outperforms.
2. SOL goes up by $300
3. AI coins experience significant price increases
4. Memes underperform
5. Dino coins show strong performance.”
While the trader does not expect memecoins to see substantial gains in Q1, he believes that Floki (FLOKI) will be an exception.
“High conviction on the memecoin leader.
FLOKI.”
Based on Inmortal’s analysis, it appears that FLOKI is following a similar price trajectory to Pepe (PEPE) from late 2023 to early 2024, when the Ethereum-based memecoin experienced a parabolic rise after a period of sideways movement. The trader forecasts that FLOKI will achieve a new all-time high of $0.0005 by the end of Q1.
Currently, FLOKI is trading at $0.00019.
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