A crypto strategist, known as Inmortal, predicts that if Dogecoin (DOGE) experiences a surge in popularity, another memecoin called Floki (FLOKI) will also benefit from the hype. Inmortal, who has a large following on social media, suggests that Floki will have a breakout on April 20th, which is known as “DOGE Day” by supporters of the memecoin. According to the analyst, if Floki manages to surpass the $0.00016 level, it would confirm the breakout. Currently, Floki is trading at $0.0001385, showing a nearly 2% increase in the past 24 hours.

In addition to Floki, Inmortal believes that Bitcoin (BTC) has reached a market bottom. The analyst mentions the possibility of another sweep, but states that it is starting to feel like a bottom due to bullish divergence and the price being at a range low, 19% lower than its all-time high. Bitcoin is currently trading at $62,206, showing a 1.1% increase in the last 24 hours.

Furthermore, Inmortal suggests that Ethereum (ETH) may be preparing for a breakout against Bitcoin (ETH/BTC). While timing the exact bottom is challenging, the analyst believes that the current low is a bottom formation based on market structures and general sentiment. Inmortal states that above 0.055 BTC, Ethereum will take flight. ETH/BTC is currently trading at 0.048 BTC ($3,066).

Please note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and readers should be aware that transfers and trades are conducted at their own risk.