One crypto analyst has highlighted Chainlink's incredible resilience amid market volatility, predicting that the cryptocurrency is set to see a 300% increase compared to Bitcoin, which The world's largest cryptocurrency.
LINK is about to increase 300% compared to BTC
Chainlink, a decentralized oracle network has been gaining attention recently. Renowned crypto analyst Michael van de Poppe has expressed optimism about Chainlink's native token (LINK), predicting a major bull run for the cryptocurrency.
Sharing a price chart depicting LINK/BTC pair movements from 2021 to 2025, Poppe forecasted in a post on X (formerly Twitter) that LINK is on track to see exponential growth Multiplier from 150% to 300% compared to BTC.
LINK/BTC Weekly Chart | Source: Michael van de Poppe/X
At the time of writing, Bitcoin price is trading at $67,623, according to CoinMarketCap. The cryptocurrency fell below key support at $70,000 and reflected a slight decline over the past 24 hours.
Poppe revealed that he would not be surprised if Chainlink reaches this price mark, emphasizing his confidence in the fundamentals and future potential of the cryptocurrency's price. In the chart, the crypto analyst identified a key resistance level for LINK/BTC at 0.000448BTC, which could trigger a strong rally if conquered.
In an earlier post, Poppe identified the LINK/USDT pair's next resistance area at $21, predicting that the cryptocurrency price could trade between $25 and $30 in the coming months. For this to happen, the analyst explained that Chainlink would have to establish a higher low on the weekly timeframe.
LINK/USDT Daily Chart | Source: Michael van de Poppe/X
Poppe's optimistic outlook on Chainlink comes after the blockchain platform has initiated a number of strategic partnerships. Chainlink has partnered with Circle, a peer-to-peer payments company, to expand developer adoption of USDC and Euro Coin (EURC). Additionally, the blockchain platform recently allied with SWIFT, an interbank transaction system, to accelerate the adoption of Distributed Ledger Technology (DLT).
These groundbreaking developments could act as a catalyst for the cryptocurrency's potential upside, driven by enhanced network utility and increased adoption from new users .
In the broader market context, Chainlink has performed better than expected, experiencing continuous price increases since the beginning of the year. Over the past month, Chainlink has increased by 45.01%, highlighting the growing demand and interest in this cryptocurrency.
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