Analyst predicts 300% rise against Bitcoin for Chainlink

Chainlink's endurance despite market volatility has led a crypto expert to forecast a 300% spike versus Bitcoin, the world's biggest cryptocurrency.

Chainlink Could Gain 300% Against Bitcoin

Chainlink, a decentralized blockchain oracle network, is gaining popularity due to its creative environment. Michael van de Poppe, a popular crypto analyst, predicts a huge bull surge for Chainlink's native coin, LINK.

In an X (previously Twitter) post, Poppe predicted a 150% to 300% exponential growth in Chainlink (LINK) versus Bitcoin (BTC) using a price chart from 2021 to 2025.

Bitcoin now costs $67,623, according to CoinMarketCap. The cryptocurrency has slipped below $70,000 support levels and dropped 1.05% in 24 hours.

Poppe says he wouldn't be shocked if Chainlink surpasses this price milestone, highlighting its pricing fundamentals and future potential compared to Bitcoin. A major resistance level for LINK/BTC at $0.000448 was identified by the crypto analyst in the chart analysis, suggesting Chainlink might breakout strongly.

Poppe previously predicted that Chainlink's next resistance zone would be $21, putting its price between $25 and $30 in the next months. The crypto researcher said that Chainlink must make a higher weekly low.

Poppe is bullish about Chainlink after the blockchain company announced multiple significant agreements. Chainlink and Circle, a peer-to-peer payments firm, are expanding developer USDC and Euro Coin use. In order to speed DLT adoption, the blockchain platform has partnered with SWIFT, an interbank messaging system.

These innovations may boost bitcoin prices by improving network usefulness and attracting more users.

Link Price Change

Since January, Chainlink has outperformed the market with continuous price gains. Chainlink has grown 45.01% in the last month, indicating investor interest in the cryptocurrency.

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