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A popular crypto strategist and trader says that digital assets are gearing up for the second leg of the bull market.
Pseudonymous analyst Inmortal tells his 214,000 followers on the social media platform X that the Federal Reserve will likely signal the start of the next big rallies for crypto.
“Before you know it, everything will go up again. Also, before you know it the cycle will be over. The first rate cut will be the trigger for round two of the bull run. Don’t be sad, be ready. Generational wealth will be made in the coming months.”
One blue-chip altcoin on the trader’s radar is Ethereum (ETH). According to the analyst, ETH may see one more move to the downside before rallying above $4,000.
“$3,500 – $4,100 More chop
The market is in ‘don’t let them know your next move’ mode.
ETH.”
At time of writing, Ethereum is trading for $3,749, down 1.59% in the past day.
Inmortal also has his radar locked on the native asset of TokenFi (TOKEN), a crypto project that aims to simplify the process of real-world asset (RWA) tokenization by eliminating coding. According to the analyst, TOKEN appears to be following in the footsteps of Ondo Finance (ONDO), another project in the RWA crypto subsector.
“TOKEN about to follow ONDO?”
Looking at the trader’s chart, he seems to predict that TOKEN will take out resistance at $0.16 and rally to $0.24.
At time of writing, TOKEN is worth $0.137.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised 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 buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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