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Chainlink: Analyst Predicts 40% Rally Amid Ethereum Eco_
Chainlink (Link) is currently trading at $14.40 after surging by 1.5% in the last seven days. However, the asset has declined by 1.3% in the last 24 hours but has a bullish score of 71/100. Investors have also had a three-month return of 114.40% on investment.
According to pseudonymous analyst Bluntz, the eight-hour chart of the asset is showing multiple bullish reversal signals as Chainlink is expected to match its January 2022 high
The analyst reportedly used the Elliott Wave theory to make this prediction. This theory makes use of crowd psychology that manifests in waves
Bluntz also captured Solana in his prediction. According to him, this digital asset is building momentum to break out against Bitcoin. He also advised investors not to pay attention to the “bear posters.”
Solana and Chainlink Booming with Bitcoin Expected to “Rise to the Moon”
Solana is currently trading at $77, making it the fifth-largest crypto in the world with a market cap of $33,130,009,595. In the last 24 hours, Solana has surged by 3% and also generated a weekly return of 16.82% on investment with a bullish score of 90/100. So far, $58.7 has been added to its previous price in the last three months, representing a 294.86% surge
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• BRICS Unites: China and Saudi Arabia Spearhead Global Move Away From the US Dollar – Is Bitcoin Next?• US instant payments crisis: Could Ripple’s XRP save the day?• Crypto Expert PlanB Reveals a Catalyst That Could Skyrocket Bitcoin to All-Time High in Just Four MonthsIn November, it was reported that Solana had recorded an overall TVL growth of 89.31 percent. The incredible growth of the network explains its resilience as Solana went through several challenges including crypto winter, network halt, and the collapse of the FTX exchange. From year to date, it has recorded a 100 percent uptime
Bitcoin is still dominating the crypto market with a current price of $42,958.92. According to analysts, the asset has the potential to rise as high as $180k before taking a nose dive to experience a multi-year bearish run. According to crypto analyst Credible Crypto, this expected bearish run is healthy for the market.