A Crypto Analyst Expects a 100% Rally for an AI-Focused Altcoin
A well-known cryptocurrency strategist believes that an altcoin focused on artificial intelligence (AI) is poised for a significant rally. The trader, known as Bluntz, predicts that Ocean Protocol (OCEAN), a digital asset specializing in data-sharing and AI, will experience a 100% surge in price when the AI narrative gains momentum once again.
Bluntz emphasizes that Ocean Protocol has favorable long-term setups and hasn’t seen much movement yet, making it primed for a breakout. He suggests that the altcoin has the potential to double in value.
Currently trading at $0.381, Ocean Protocol has witnessed a modest 1.5% increase in the last 24 hours.
Chainlink’s Outlook and Potential Catch-Up
Bluntz also shares his updated analysis on Chainlink (LINK), a decentralized oracle provider. He believes that Chainlink is gearing up for a significant rally and may “catch up” to Solana (SOL), which is an Ethereum rival and smart contract platform that has seen a 25% price increase since October 28th.
At present, LINK is trading at $10.95 with only a marginal increase in the last 24 hours. In contrast, SOL is priced at $39.22, reflecting a 6.7% decrease during the same period.
Positive Outlook for Risk Assets
Bluntz concludes his analysis by pointing out that the US Dollar Index (DXY) has reached its peak. He predicts that the next six months will be favorable for risk assets such as cryptocurrencies, as equities appear to have found a bottom.
“If DXY has topped like I suspect and starts trading back under the range and below 105, the next 6 months will be great for risk assets.”
Hot Take: Promising Prospects for AI-Focused Altcoin and Chainlink
A crypto analyst known as Bluntz expects Ocean Protocol, an altcoin focused on artificial intelligence (AI), to experience a significant price surge of 100%. Bluntz believes that Ocean Protocol is well-positioned for a breakout and may double in value. Additionally, Bluntz suggests that Chainlink is preparing for a rally and could catch up to Solana’s recent price increase. The analyst’s positive outlook extends to risk assets in general, as he predicts favorable conditions for cryptocurrencies due to the decline of the US Dollar Index (DXY).
By
By
By
By
By