Popular cryptocurrency analyst Michaël van de Poppe recently shared a bullish price prediction for oracle platform Chainlink ($LINK) with his over 160,000 subscribers on the Google-owned video-sharing platform YouTube.

In a recently posted YouTube video, Van de Poppe noted that after a prolonged period of accumulation, the cryptocurrency could rise more than 50% from current levels. The analyst noted that LINK has been trading between $5 and $9.5 for 450 days and is expected to drop and establish a bullish high-low pattern before rebounding.

The analyst noted that the area around $6.75 is a “critical zone for bulls” and posited that the cryptocurrency could subsequently rise to the $11 mark.

As of writing, LINK is trading at around $7.2 and has a market cap of $3.8 billion after falling by around 9.7% over the past seven days. Currently, it is ahead of Stellar ($XLM) and Unus Sed Leo ($LEO) in terms of market cap, but behind Toncoin ($TON) and Avalanche ($AVAX).

Notably, the decentralized oracle network launched the Cross-Chain Interoperability Protocol (CCIP) for early access users last month, which aims to support cross-chain applications and services.

The protocol is now functional for these users on the Avalanche, Ethereum, Optimism, and Polygon blockchains after being tested by at least 25 partners who have now begun migrating to mainnet.

These partners include major decentralized finance protocol Aave and decentralized liquidity platform Synthetix. According to the Chainlink team, the protocol will soon be adopted by other leading decentralized finance protocols.

Interoperability protocols have been a key component of Chainlink’s partnership with SWIFT, the major international payments and messaging system used by banks worldwide.