The crypto strategist who called the end of last year’s Bitcoin (BTC) bull market is predicting a surge for an Ethereum-based altcoin.
The pseudonymous analyst known in the industry as Pentoshi tells his 657,500 Twitter followers that the technicals and fundamentals are aligning for decentralized oracle network Chainlink (LINK).
According to Pentoshi, LINK is showing relative strength with a big fundamental catalyst coming in a few weeks.
“LINK has had a strong recovery and also never made new lows despite all that happened and has managed to hold its range lows. With staking coming up in the next two weeks, I feel it has a great chance to outperform.”
Looking at the analyst’s chart, he predicts a slight dip to the $6.60 level for LINK before rallying toward his target of $9.63. At time of writing, LINK is switching hands for $6.72, suggesting an upside potential of over 43% for the decentralized oracle.
According to a recent Chainlink ຕອບ blog, beta staking for LINK is slated to go live on the Ethereum (ETH) mainnet on December 6th. Staking allows LINK holders to earn rewards for helping to increase the security of Chainlink’s oracle services. Holders will have to commit their Chainlink tokens in smart contract to participate, thereby reducing the supply of LINK available for sale.
Although Pentoshi is bullish on LINK, fellow crypto strategist Cheds highlights that the 23rd-largest crypto by market cap is still trading within a wide range.
“LINK plenty of buzz on my timeline. For context, it’s still just a downtrend, trading in a well defined seven-month horizontal range.”
ຢ່າພາດການຫຼິ້ນໃຫ້ເກີນແມ່ນ - ຈອງ ເພື່ອໃຫ້ໄດ້ຮັບການແຈ້ງເຕືອນອີເມວ crypto ທີ່ສົ່ງໂດຍກົງໃສ່ກ່ອງຈົດ ໝາຍ ຂອງທ່ານ
ການກວດສອບ ປະຕິບັດລາຄາ
ປະຕິບັດຕາມພວກເຮົາກ່ຽວກັບ Twitter, ເຟສບຸກ ແລະ ໂທລະເລກ
Surf ການປະສົມ Hodl ປະຈໍາວັນ
ການປະຕິເສດ: ຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ The Daily Hodl ບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ດ້ານການລົງທືນ. ນັກລົງທືນຄວນເຮັດຢ່າງດຸ ໝັ່ນ ເນື່ອງຈາກການລົງທືນທີ່ມີຄວາມສ່ຽງສູງໃນ Bitcoin, cryptocurrency ຫລືຊັບສິນດິຈິຕອນ. ກະລຸນາຮັບຊາບວ່າການໂອນຍ້າຍແລະການຄ້າຂອງທ່ານແມ່ນຢູ່ໃນຄວາມສ່ຽງຂອງທ່ານເອງ, ແລະການສູນເສຍໃດໆທີ່ທ່ານອາດຈະເກີດຂຶ້ນແມ່ນຄວາມຮັບຜິດຊອບຂອງທ່ານ. The Daily Hodl ບໍ່ໄດ້ແນະ ນຳ ໃຫ້ຊື້ຫຼືຂາຍຂອງຊັບສິນດິຈິຕອນໃດໆຫລືຊັບສິນດິຈິຕອລ, ຫລື Daily Hodl ເປັນທີ່ປຶກສາດ້ານການລົງທືນ. ກະລຸນາສັງເກດວ່າ The Daily Hodl ເຂົ້າຮ່ວມໃນການຕະຫຼາດເປັນພີ່ນ້ອງກັນ.
ຮູບພາບທີ່ໂດດເດັ່ນ: Shutterstock/herryfaizal/Natalia Siiatovskaia
Source: https://dailyhodl.com/2022/11/28/top-analyst-predicts-big-rally-for-one-ethereum-based-altcoin-says-crypto-catalyst-coming-in-two-weeks/