The popular crypto strategist and trader, Inmortal, predicts that digital assets are gearing up for the second leg of the bull market. He believes that the Federal Reserve will signal the start of the next big rallies for crypto, potentially leading to generational wealth being made in the coming months. Inmortal specifically mentions Ethereum (ETH) as a blue-chip altcoin to watch, stating that it may see one more move to the downside before rallying above $4,000.
Currently, Ethereum is trading at $3,749, down 1.59% in the past day. In addition to ETH, Inmortal is keeping an eye on the native asset of TokenFi (TOKEN), a crypto project focused on simplifying the process of real-world asset (RWA) tokenization by eliminating coding. He compares TOKEN to Ondo Finance (ONDO), another project in the RWA crypto subsector, and predicts that TOKEN may follow in ONDO’s footsteps.
According to Inmortal’s chart analysis, TOKEN is expected to take out resistance at $0.16 and rally to $0.24. At the time of writing, TOKEN is valued at $0.137. To stay updated on these potential market movements and more, followers are encouraged to subscribe to get email alerts delivered directly to their inbox and to follow on social media platforms such as X, Facebook, and Telegram.
In conclusion, Inmortal’s insights suggest that the crypto market is on the verge of another bullish wave, driven in part by signals from the Federal Reserve. Ethereum and TokenFi’s native asset, TOKEN, are two assets that the trader is closely monitoring for potential price movements. While ETH may experience some downside before rallying above $4,000, TOKEN could follow a similar path to ONDO and see a significant increase in value. As always, staying informed through email alerts and social media updates can help traders navigate these volatile markets more effectively.
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