A well-known crypto analyst predicts that Avalanche (AVAX), a competitor of Ethereum (ETH), is set to mirror Solana's (SOL) recent upward movement.
The analyst, who goes by the name Inmortal, points out that AVAX is displaying similar price trends to SOL, showing a pattern of consistent growth.
Muscle memory, long and strong. pic.twitter.com/jmqLsNekgb
— Inmortal (@inmortalcrypto) July 22, 2024
Inmortal’s analysis suggests that Avalanche is nearing a significant breakout, with a target price set at $42. Currently, AVAX is trading around $32, showing a minor decline.
Inmortal is also optimistic about Solana, forecasting that it will outperform both Bitcoin (BTC) and Ethereum (ETH).
He anticipates that Solana could hit a new all-time high by the end of summer, potentially reaching $260. As of now, SOL is priced at $178.31.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.
A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.
According to a new analysis from CryptoQuant, TRON (TRX) may be gearing up for a breakout as tightening Bollinger Bands point to an imminent expansion in volatility.