Analyst Predicts More Rallies Ahead for Chainlink (LINK) and Ethereum Competitor: It's Not Too Late

A Prominent Crypto Analyst Foresees Ongoing Bull Runs for Two Thriving Altcoins in Their Early Stages

In a recent video update, the pseudonymous crypto analyst known as The Flow Horse suggests that Chainlink (LINK) and Solana (SOL) are just beginning their upward trends. The analyst dismisses concerns that investors may have missed their chance to invest in LINK, emphasizing that the current price range of $11.00 to $8.50 could appear insignificant in the context of the crypto market's growth over the next year or two.

At the time of the update, LINK is trading at $12.56.

Regarding Solana, The Flow Horse believes that the Ethereum (ETH) competitor has the potential to double in price. He notes that Solana is often mentioned as a rival to Ethereum and currently has a market cap that is 30 times smaller. Even if the gap between the two projects narrows, a doubling of Solana's price seems reasonable without major market changes.

As of the update, Solana is trading at $41.31, representing a 300% increase since the beginning of 2023.

Turning to Bitcoin (BTC), The Flow Horse draws parallels between the current breakout and the one in 2021. He suggests that Bitcoin could reach the $40,000 range, and advises potential investors not to rush into the market. Instead, he encourages them to consider entering between the current price and $31,000, expressing confidence that there is still ample opportunity for growth."

Please note that cryptocurrency markets are highly volatile, and it's important for investors to conduct their own research and consider their risk tolerance before making investment decisions.

Source: The Flow Horse/YouTube

BTC is trading for $35,196 at time of writing.


Nov 06, 2023

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