A Crypto Analyst Remains Bullish on Internet Computer (ICP)
A well-known crypto analyst and trader, known as Altcoin Sherpa, believes that Internet Computer (ICP), a Web3 project, still has room for growth. The analyst suggests that ICP may experience a bounce if it maintains the 200-day EMA as support around the key level of $11.25. Currently trading at $11.14, ICP has seen a significant increase of over 270% since its close of $2.99 on October 19th.
Chainlink (LINK) Expected to Consolidate Before Another Move Up
Altcoin Sherpa also predicts that Chainlink (LINK), a decentralized oracle provider, will enter a consolidation phase before making another upward move. At the moment, LINK is trading at $15.43, showing an increase of more than 7% in the last 24 hours.
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Hot Take: Opportunities for Growth in Altcoins
According to Altcoin Sherpa’s analysis, altcoins like Internet Computer and Chainlink still hold potential for further growth. With ICP experiencing a significant rally in recent months and LINK showing signs of consolidation before another upward move, these altcoins could offer profitable opportunities for crypto investors.
