A popular crypto strategist, Chainlink (LINK) he says he is on the way to rise despite his not so heartwarming performance last year.
The host of financial education YouTube channel InvestAnswers explained the bullish outlook for the decentralized oracle network in a new interview with crypto analyst Benjamin Cowen:
“This is a multi-tasking oracle with a hand in everything… LINK/ETH is below 0.008 ($26.78). Whenever this happens, it is a buy indicator for Chainlink…
It’s consolidating a bit right now, but with the ex-CEO of Google being there as well as consulting adding to the picture, I think Chainlink has nothing but bullish times ahead of it.”
In December, Chainlink announced that it had hired former Google CEO Eric Schmidt as its project consultant. The host states that he is a bit concerned about the tokenomics of the crypto asset, but also that its ubiquity sets it apart.
“I believe the only thing that worries me about Chainlink is inflation – slightly higher than I would like, but [Chainlink’in] You can’t deny that it’s a bit of everything in smart contracts on all chains around the world. The ecosystem is awe-inspiring.”
At the time of writing, LINK is trading at 26.05.
The analyst also shares his perspective for Ethereum (ETH) over the next 18 months. He says that none of Ethereum’s competitors have seen it gain significant ground in ETH, and that the leading smart contract platform will prevail.
Additionally, the analyst also shares his expectations for Ethereum (ETH) for the next 18 months. James believes that none of the Ethereum competitors will gain a significant advantage against ETH and that the leading smart contract platform will always prevail.
“Nothing will happen. Ethereum will not be surpassed in market cap by any other chain, unless things suddenly start to go completely wrong with Ethereum. This seems unlikely to me. Ethereum is slow and stable, rock solid, and everything is working on it.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.