Inmortal Predicts Cosmos (ATOM) To Follow Solana’s Trail
According to a pseudonymous cryptocurrency trader and analyst, known as Inmortal, one emerging altcoin Cosmos (ATOM) is following the trail of the explosive price action of smart contract platform Solana.
Inmortal shares with his 66.6K Twitter followers that he’s keeping a close eye on Cosmos (ATOM).
Cosmos is a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, helping developers build different blockchains that can transact and exchange data, creating a decentralized internet of blockchains.
Inmortal predicts that ATOM will be the next Solana (SOL), a crypto asset that has soared close to 350% in the last month.
Inmortal is also looking at Cosmos against its Bitcoin pair (ATOM/BTC), which he says ATOM must flip 0.00055 resistance into support to spark a massive rally.
“One of the biggest accumulation ranges in ALT/BTC pairs, (+800 days). When ATOM finally flips this KEY level, I think we’ll see some fireworks.”
If the analyst is right and ATOM/BTC follows the prediciton, the pair could climb as high as 0.002 BTC, which represents a potential upside of over 230% from its current price of 0.0006 BTC.
Ethereum (ETH)
Regarding the price action of Ethereum (ETH), Inmortal believes ETH’s move below $3,400 is an opportunity to buy the dip.
“I’m seeing an opportunity here. Stop hunt + strong bounce at KEY level. I’ll buy any dips below $3,400, targeting $3,800 (Breakdown Point) for now.”
