Popular crypto analyst Michaël van de Poppe observes two key areas of the crypto world and thinks an altcoin is poised to rise higher.
Speaking at a new strategy session, Michaël van de Poppe explained to his 160,000 YouTube subscribers that he thinks after a lackluster 2021, data feed service Chainlink (LINK) could hold the flag for both decentralized finance (DeFi) and the advancing Oracle networks.
“A year ago, we were exactly on the same level as where we are now. What does it mean? 2021 for Oracle and DeFi Chainlink (LINK) It hasn’t been one of the best years for him.
However, lately DeFi We saw some real strength in the episode, and multiple DeFi protocols are scattering left and right, displaying a strength that seems very likely to continue.
If DeFi is going to wake up nicely, Chainlink will most likely follow.”
Oracleworks by connecting real-world information with blockchains to execute smart contracts.
While revealing his 2022 price predictions for the crypto asset, Van de Poppe highlighted Chainlink’s recent highs and lows against Tether (USDT).
“If we bottom here at $19.50, we will attack the highs again, and when we break the highs of $33, we will most likely put ourselves in a new trend.
Next, we want to continue with $77 and $120 as the next targets for Chainlink.”
The crypto analyst concluded his annual crypto market assessment with these words:
“2022 will be the year of DeFi and oracles.”
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