A well-known crypto analyst and trader suggests that digital assets are preparing for the next phase of the bull market. Inmortal, a pseudonymous analyst with a following of 214,000 on X, predicts that the Federal Reserve will signal the beginning of significant rallies for cryptocurrencies.
In a message to his followers, Inmortal advises to stay prepared as the market gears up for another surge. He believes that the first rate cut will act as a trigger for the second round of the bull run, potentially leading to the creation of generational wealth in the upcoming months.
One of the top altcoins on Inmortal’s watchlist is Ethereum (ETH). He anticipates that ETH may experience a slight dip before surging above $4,000. With a current trading price of $3,749, Ethereum has seen a 1.59% decrease in the past day.
Inmortal is also keeping an eye on TokenFi’s native asset, TOKEN, a project focused on simplifying the tokenization of real-world assets without complex coding. Comparing TOKEN to Ondo Finance (ONDO), another project in the real-world asset crypto sector, Inmortal speculates that TOKEN could soon break resistance at $0.16 and rally to $0.24. At present, TOKEN is valued at $0.137.
For the latest updates, subscribe to receive email alerts and stay informed about price action by following Inmortal on X, Facebook, and Telegram. Remember to conduct thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets, as your transfers and trades are at your own risk. The Daily Hodl does not provide investment advice and participates in affiliate marketing.
