A Promising Altcoin to Watch: Chainlink (LINK)
A crypto strategist known as Altcoin Sherpa believes that Chainlink (LINK), an Ethereum-based digital asset, is preparing for a significant surge in value. According to Altcoin Sherpa, Chainlink is a solid cryptocurrency project with strong fundamentals.
Altcoin Sherpa suggests that LINK has the potential to outperform other altcoins in the next bull cycle. He points out that the coin has been trading within a well-defined range for over 500 days, indicating stability and potential for growth.
Currently, LINK is valued at $7.53, reflecting an 8% increase in the last 24 hours.
Rollbit Coin (RLB): A Potential Bull Market Performer
Altcoin Sherpa also highlights Rollbit Coin (RLB), the native asset of the crypto gambling platform Rollbit, as another altcoin with potential in the next market cycle. However, he predicts that RLB’s prices will decline in the coming weeks.
Currently, RLB is worth $0.106, reflecting a 3% decrease in the last 24 hours.
A Warning for Bitcoin (BTC)
Altcoin Sherpa issues a warning regarding Bitcoin (BTC), stating that there is a possibility of it dropping close to $20,000 as it struggles to maintain its bullish momentum. He suggests that there may be a potential shift in market structure for various exchanges, possibly leading to a lower low.
Currently, Bitcoin is trading at $26,276.
Hot Take: Keep an Eye on Chainlink and Bitcoin
Altcoin Sherpa’s analysis highlights the potential for Chainlink (LINK) to perform strongly in the next bull cycle, thanks to its solid fundamentals and stable trading range. Additionally, he warns about the possibility of Bitcoin (BTC) sliding towards $20,000 due to a potential shift in market structure. It is crucial for crypto investors to closely monitor these developments and adjust their strategies accordingly.
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