A cryptocurrency strategist and trader lays out his forecasts for the digital asset market for the first few months of the year, including his first-quarter forecast for Ethereum (ETH).
The analyst known as Inmortal tells his 222,400 followers on social media platform
The trader believes that ETH is poised to follow in the footsteps of price action in the first quarter of 2024.
“ETH is poised to have a good first quarter performance.”
Looking at the trader’s chart, it appears that he expects ETH to reach a new all-time high of $5,300 by March. At the time of writing, ETH is worth $3,646.
Him too He believes Projects focused on legacy altcoins and artificial intelligence (AI) will ignite the rallies in the next three months.
In the first quarter:
1. Ethereum’s performance is superior.
2. Sol Go + $300
3. The massive pump of AI coins
4. Memes perform poorly
5. Dinosaur coins have good currency.
While the analyst believes that memcoins will not see huge gains in the first quarter of this year, he says that FLOKI will be an exception.
“A loud condemnation of the memecoin leader.
“Floki.”
Based on the trader’s chart, it seems to suggest that FLOKI reflects Pepe’s (PEPE) price action in late 2023 to early 2024 when the Ethereum-based memecoin went parabolic after months of sideways movement. The trader appears to expect FLOKI to reach a new all-time high of $0.0005 before the end of the first quarter.
At the time of writing, FLOKI is trading at $0.00019.
Never miss an opportunity – sign up to get email alerts delivered directly to your inbox
Check price action
Follow us on X, Facebook and cable
Browse Hodl’s daily mix
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: mid-flight