Forecast Indicates Increased Volatility for Ethereum; One Scorching-Hot Cryptocurrency Allegedly Set for Rapid Advancement
In the dynamic world of cryptocurrencies, a well-known pseudonymous trader and analyst, Inmortal, has predicted a bullish outlook for Ethereum (ETH) and a notable altcoin, though specific details about the altcoin and Solana (SOL) were not disclosed in the latest report.
At the time of writing, Ethereum is trading for $3,594, and Inmortal believes it is poised for a breakout surge toward new all-time high prices. According to Inmortal, the market is about to get "quite crazy" with movement potentially very fast for Ethereum. He shared a chart suggesting that ETH has one final resistance level to breach at around $4,000.
Inmortal also believes that Mantle (MNT), an Ethereum layer-2 scaling solution, is primed for a surge toward $1.25. At the time of writing, MNT is worth $0.90.
Meanwhile, Dreamcash has begun rollout of its trading platform with Hyperliquid integration via waitlist access. The platform aims to provide a seamless trading experience for users.
In the memecoin sector, Inmortal predicts that Floki (FLOKI) will hit $0.00016. At time of writing, FLOKI is worth $0.0001.
Unfortunately, the cryptocurrency landscape is not without its challenges. A potential scam has been identified where malware disguised as legitimate apps is cracking bank accounts, and a 63-year-old woman was recently arrested for stealing bank information, printing fake IDs, and draining $26,000 from bank accounts across three states.
On a more positive note, Moving Forward has announced a partnership with EigenCloud to integrate EigenDA Version Two. BYDFi Card has officially launched, aiming to seamlessly bridge Web 3.0 assets and real-world spending.
Plume and Mercado Bitcoin have also announced a partnership to tokenize $500 million real-world assets. Solid has launched on Fuse Network, bringing a decentralized banking solution for the average user.
In the meantime, Solana (SOL) is trading at $163, and Inmortal predicts that it will rally to $220 in the coming days. At the time of writing, Ethereum is trading for $3,594, and Bitcoin (BTC) is worth $47,890. A man who allegedly kidnapped a victim for $100,000,000 in Bitcoin has been released on bond.
As always, it's crucial to remember that investing in cryptocurrencies involves risk, and it's essential to do thorough research before making any investment decisions. Stay informed and stay safe!
[1] The Daily Hodl, 2022.
- The well-known trader, Inmortal, has shown interest in altcoins, particularly highlighting Mantle (MNT) and predicting it could surge toward $1.25, while also expressing optimism for a possible Ethereum breakout, aiming at new all-time high prices.
- The cryptocurrency market, as per Inmortal's analysis, appears poised for a significant shift, with Ethereum's potential fast movement, and interestingly, Inmortal has projected a bullish future for Solana (SOL), suggesting it could rally to $220 in the coming days.
