A crypto strategist and trader presents his predictions for the digital asset market for the first months of the year, including his first quarter outlook for Ethereum (ETH).
The pseudonymous analyst known as Inmortal tells his 222,400 followers on social media platform X that he thinks Ethereum is gearing up for rallies this quarter.
The trader believes that ETH is poised to follow in the footsteps of its Q1 2024 price action.
“ETH is poised for a strong first quarter.”’
Looking at the trader’s chart, he seems to predict that ETH will hit a new all-time high of $5,300 by March. At the time of writing, ETH is worth $3,646.
He also believes that legacy projects focused on altcoins and artificial intelligence (AI) will trigger rallies over the next three months.
“In the first trimester:
1. ETH outperforms.
2. SOL one way +300$
3. AI Coin Mega-Pump
4. Underperforming memes
5. Dino coins have a good run.
Although the analyst believes that memecoins will not see huge rallies in the first quarter of this year, he says that Floki (FLOKI) will be an exception.
“Strong conviction in the memecoin leader.
FLOKI.
Based on the trader’s chart, it seems to suggest that FLOKI reflects the price action of Pepe (PEPE) from late 2023 to early 2024, when the Ethereum-based memecoin went parabolic after months of sideways movement. The trader seems to predict that FLOKI will hit 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.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions 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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
