A crypto analyst with a significant following said that decentralized oracle provider Chainlink (LINK) and smart contract platform Solana (SOL) have just started their uptrend. These two altcoins have started to attract attention recently and, according to the analyst, they can offer great opportunities for investors. Here are the details…
The crypto analyst, known by the nickname The Flow Horse, evaluated the latest developments in the market. Among these evaluations, his bullish predictions for decentralized oracle provider Chainlink (LINK) and smart contract platform Solana (SOL) attracted attention.
First of all, Chainlink (LINK) has great importance in the blockchain world by providing a decentralized oracle service. It plays a critical role for DeFi projects and smart contracts. The Flow Horse claimed that LINK still has growth potential and those who think investors are missing the opportunity to invest in this crypto asset are wrong.
“[İnsanlar] LINK is worried about buying… because they think they are missing the opportunity. “I think $11.00 to $8.50 is going to look like a miscalculation if we’re talking a year, two years out as the market continues to grow.”
NEWS CONTINUES BELOW
LINK is trading at $12.59 at the time of writing.
Solana (SOL) is a smart contract platform that stands out with its fast transaction speeds and low transaction fees. It has quickly emerged as a competitive alternative to Ethereum. The Flow Horse also sees huge potential for SOL, suggesting that the SOL price could reasonably double.
“There is Solana who says he is competing with ETH or dethroning ETH. If you look at Solana, the market cap of ETH is 30x less, so even if that gap narrows a little bit, we think it’s reasonable for Solana to 2x from here without any major changes in the market.”
Koinfinans.com As we reported, Solana was trading at $41.31 at press time; This shows that the altcoin price has experienced a staggering 300% increase since the beginning of 2023.
Additionally, the analyst suggested that the current rise of Bitcoin (BTC) is similar to the rally experienced in 2021. The Flow Horse’s price prediction for Bitcoin is at $ 40,000:
“If you look at BTC, it is well behind the lowest level… We have changed and surpassed that level ($32,000). We’re still relatively close to that level, so I think I’m moving towards $40,000, and if you can get between here and $31,000, I think you’re golden.
I don’t think you need to rush into this. bitcoin, [2021’de] like when we had this breakout. “It’s kind of a version of what was going on at the time, but the idea at the time was that there were a lot of people who thought this release was long overdue, and I clearly don’t think that’s going to happen.”
You can follow the current price movement here.