Renowned trader Inmortal anticipates significant surges in the prices of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and another altcoin this year. In a post on the social media platform X, the trader, who boasts a following of 214,000, asserts that API3 (API3), a decentralized data oracle network that aims to bridge traditional APIs with blockchain applications, is poised for a major breakthrough following a period of consolidation.

Inmortal highlights API3’s recent successful strategic funding round, led by digital asset investment firm DWF labs, as well as the bullish technical indicators on the altcoin’s chart. The trader confidently states, “API3 about to get sent. API3 has successfully concluded a strategic funding round, allocating treasury assets in exchange for four million USDC. About the chart? nothing more to add, it’s just hyper bullish. > +600 days accumulation over > Clean retest of acc zone. Send it.”

Examining the trader’s chart, it appears that he predicts the Ethereum-based altcoins will reach $6. Currently, API3 is trading at $3.37, representing a more than 9% increase in the past day.

In terms of the broader markets, Inmortal foresees strong finishes for BTC, ETH, and SOL in 2024. According to the analyst, the next few months may be relatively uneventful for the digital asset markets, but a full-fledged “parabolic uptrend” is expected in the fourth quarter.

“> Boring June-July (chop + some traps for both sides) > Uptrend resumes in August > Parabolic trend all Q4 BTC goes above $100,000, ETH above $10,000, $SOL above $500. Altcoins do a x2-x5 Charts never lie.”

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