ETH-Based Altcoin Set for 100% Rally, Analyst Updates Projections for Sui, Arbitrum, and One Additional Crypto

Cryptocurrency analyst Michaël van de Poppe, with a substantial following on social media, predicts a substantial surge for Chainlink (LINK), an altcoin operating on the Ethereum network. 

Van de Poppe asserts that LINK is showing bullish indicators against both Bitcoin and the US dollar, anticipating a potential 2x rally. At the current trading value of $14.72, the analyst suggests a target range of $25-$30 for LINK, signaling over a 100% upside potential. Van de Poppe also evaluates other assets, indicating that the layer-1 blockchain Sui (SUI) may experience a correction before an upward trend, with a potential support area around $0.90. 

Ethereum scaling solution Arbitrum (ARB) and interoperable blockchain Cosmos (ATOM) are also on the analyst’s radar, with expectations of lower levels before potential bullish runs to $3 and $22-$26, respectively.

Clever Robot News Desk 24^th January 2024