Crypto Trader Predicts Major Growth in Chainlink, Shares Bitcoin and Ethereum Insights
A well-known cryptocurrency expert, Michaël van de Poppe, has shared his positive outlook on a top blockchain project while also providing updates on Bitcoin (BTC) and Ethereum (ETH).
Chainlink Set to Surge by 150%
Van de Poppe told his followers that the price of Chainlink (LINK) when compared to Bitcoin is currently following a pattern similar to one seen in previous years. This pattern previously led to a massive gain.
"A similar price pattern occurred in previous years, resulting in a 150% rally in the year’s second half. I’m expecting the same."
At the moment, Chainlink is trading at 0.0002254 BTC which is about $14.34.
Bitcoin Could Hit a Low Before Rising
Next, Van de Poppe shared insights on Bitcoin (BTC). He predicts that Bitcoin might reach a low point around the $63,000 – $65,000 level before starting to climb again.
"The reversal is on the horizon."
As of now, Bitcoin is trading at $63,580.
Ethereum Shows Strength Amid Downtrend
Van de Poppe also talks about Ethereum (ETH). Despite the overall market falling, Ethereum is holding up well when compared to Bitcoin. The expert states that as long as the Ethereum to Bitcoin support level at around 0.05 BTC remains strong, Ethereum will be okay and is expected to rise.
"As long as the ETH/BTC support level at around 0.05 BTC holds, Ethereum will be 'fine' and on course for a bullish reversal."
Currently, Ethereum is trading at 0.0546 BTC, which equals $3,469.
Van de Poppe's Outlook on the Crypto Market
Van de Poppe is enthusiastic about the future of cryptocurrencies. He believes that the sector is experiencing significant technological advancements which will lead to wider adoption.
"For the first time in many years, I’m very excited about the future of crypto. Many great technological advancements and breakthroughs are popping up for this cycle, through which I expect to see big mass adoption start occurring soon as well. Pack your bags and just wait."
Important Information for Investors
Disclaimer: The opinions shared by Michaël van de Poppe are personal views and not investment advice. It is essential for investors to do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Be mindful that your transactions and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, and it does not serve as an investment advisor.
