Analyst Foresees 300% Chainlink Surge Against Bitcoin🚀💹
Chainlink's endurance despite market volatility has led a crypto expert to forecast a 300% spike versus Bitcoin, the world's biggest cryptocurrency.🔮
Chainlink Could Gain 300% Against Bitcoin🚀🔗
Chainlink, a decentralized blockchain oracle network, is gaining popularity due to its innovative ecosystem. Michael van de Poppe, a well-known crypto analyst, predicts a significant bull surge for Chainlink's native coin, LINK.📈
In an X (formerly Twitter) post, Poppe predicted a 150% to 300% exponential growth in Chainlink (LINK) versus Bitcoin (BTC) using a price chart from 2021 to 2025.
Currently, Bitcoin is priced at $67,623, according to CoinMarketCap. The cryptocurrency has slipped below the $70,000 support level, dropping 1.05% in the last 24 hours.📉
Poppe says he wouldn't be shocked if Chainlink surpasses this price milestone, highlighting its strong fundamentals and future potential compared to Bitcoin. A major resistance level for LINK/BTC at $0.000448 was identified, suggesting Chainlink might breakout strongly.
Previously, Poppe predicted that Chainlink's next resistance zone would be $21, placing its price between $25 and $30 in the coming months. The analyst emphasized that Chainlink must achieve a higher weekly low to confirm this bullish trend.
Poppe remains optimistic about Chainlink, especially after the blockchain company announced multiple significant partnerships. Chainlink and Circle, a peer-to-peer payments firm, are expanding the use of USDC and Euro Coin among developers. Additionally, the blockchain platform has partnered with SWIFT, an interbank messaging system, to accelerate DLT adoption.🌐🤝
These developments are expected to enhance network utility and attract more users, potentially boosting Chainlink prices.
LINK Price Movement📊🔗
Since January, Chainlink has outperformed the market with consistent price gains. Over the past month, Chainlink has grown by 45.01%, indicating strong investor interest in the cryptocurrency.📈
