A cryptocurrency analyst who accurately predicts market crashes shared his latest predictions. Analyst updates his outlook on decentralized oracle network Chainlink (LINK). He also predicts that an altcoin project focused on artificial intelligence (AI) will double in price.
“This altcoin is poised to 2X!”
cryptokoin.comAs you can follow from , the market is going through very active days. While leading cryptocurrency Bitcoin struggles to break $35,000, some altcoin projects are making exponential gains. In this process, some artificial intelligence-focused coins such as Fetch.ai (FET) also came to the fore. Crypto analyst with the pseudonym Bluntz shared his latest predictions to his 226,200 followers on social media platform X. Check out this article for the analyst’s accurate predictions. The analyst first looks at Ocean Protocol (OCEAN), an AI-focused crypto. Bluntz suggests that it will see a 100% increase in price after narratives around AI increase again. The analyst makes the following statement regarding this prediction:
Nice higher timeframe setups across the board, I suspect the AI narrative will reemerge at some point in the future. OCEAN looks ready for a breakout. But he didn’t move much. IMO it would be easy to move it up 100% (in my opinion).
Meanwhile, OCEAN was trading at $0.4089 at the time of writing, up 6.63% on the day. The altcoin is sitting on a profit of over 22% on its weekly chart.
Bluntz: LINK is ready to go the same way as SOL!
The crypto analyst says he believes Chainlink (LINK) is poised for a major upward rally where it could “catch” smart contract platform and Ethereum (ETH) rival Solana (SOL). Meanwhile, LINK has seen a 25% increase in price since October 28. Bluntz makes the following statement about his LINK prediction:
I think LINK is finally ready to play catch up with SOL again. RSI (Relative Strength Index) has reset, sideways flat correction is over. Now the next leg up is loading IMO.
LINK was trading at $11.17 at the time of writing this article. The altcoin has increased by 1.31% in the last 24 hours. Meanwhile, SOL is down 2.12% over the last day to $38.84. However, SOL gained over 22% on its weekly chart.
“The next 6 months will be great for crypto assets!”
The US Dollar Index (DXY), which tracks the value of the USD relative to foreign currencies, has peaked, Bluntz says in his analysis. Therefore, the analyst concludes by stating that the next 6 months will be great for risky assets like crypto. The analyst makes the following statement about this index, which has the potential to affect the Bitcoin and altcoin market:
While DXY is showing signs of dissipation here, stocks appear to have finally found a bottom. Additionally, crypto is almost certainly at risk again. If DXY peaks as I suspect and starts trading below the 105 level, the next 6 months will be great for risk assets.
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