Cryptocurrency strategist Rekt Capital, altcoin suggest that the market may experience strong fluctuations in the coming weeks. lasted.
The analyst noted that the altcoin hype cycle in Q4 2023 was largely driven by the bullish price action of layer-1 protocol Solana (SOL) and Ethereum (ETH)-based oracle provider Chainlink (LINK).
Rekt Capital says altcoin markets may be poised to repeat last quarter’s strong performance, with both Solana and Chainlink surging over the past few days.
Both SOL and LINK started the first wave of altcoin rallies months ago. These were the top performers of the Q4 2023 altcoin hype cycle.
NEWS CONTINUES BELOWBoth SOL and LINK are on the rise… they are outperforming again. The market may be preparing for the Q1 altcoin hype cycle.
Rekt Capital isn’t the only analyst who thinks Chainlink is having a profound impact on crypto markets. Inmortal also pointed out that LINK recorded a rally in the 4th quarter of 2023, immediately after breaking out of a multi-month accumulation range.
Analyst Kevin Svenson echoes the same sentiment.
LINK rose ahead of all other top cryptos this cycle.
As usual, Friday showed signs of leading the next rise.
Classic Chainlink.
As Koinfinans.com reported, LINK is trading at $17.91, up more than 20% since the beginning of the year. SOL is valued at $98.46, up over 24% from its January low of $79.
