A closely followed crypto strategist has predicted that an altcoin focused on artificial intelligence (AI) will double in value. However, he also updated his perspective on the popular altcoin Chainlink (LINK). Here are the details…
The world of artificial intelligence and cryptocurrency seems to be on the verge of a significant transformation lately. Analyst Bluntz made a remarkable prediction about the future of the Ocean Protocol (OCEAN), which combines these two issues. Bluntz’s estimatedOCEAN price could increase by 100% after narratives about artificial intelligence increase again.
“Good all around, high time frame setups, I thought the AI narrative would reemerge at some point in the future and OCEAN looks set for a breakout, but it hasn’t moved much. “In my opinion, it is easy to go 100% higher.”
Additionally, Bluntz believes that Chainlink is preparing for a major bullish rally that could “catch” Solana (SOL), which has seen a 25% increase in price since October 28.
“I think [LINK] finally ready to catch up with the SOL again. The RSI (Relative Strength Index) has reset, the horizontal flat correction is complete, in my opinion the next uptrend is loading.”
However, Bluntz’s predictions are not limited to these altcoins. He also made some predictions about the overall crypto market. The analyst is closely monitoring the value of the US Dollar Index (DXY) and suggests that the next 6 months could be a positive period for risky assets such as crypto.
“DXY is showing signs of distribution here, stocks appear to have finally found a bottom, and crypto is almost certainly at risk again. “If DXY peaks as I suspect and starts trading below the 105 range again, the next 6 months will be great for risk assets.”
You can follow the current price movement here.