Brace Up! Chainlink is Set to Explode by a Massive 100%, According to Van De Poppe

• Van de Poppe says Chainlink will make a massive 100% bullish rally. 
• However, Bitcoin must first make a recovery and a rally for other altcoins like Chainlink to follow. 

Chainlink is one of the cryptocurrencies on the news for the positive thing. So, there is some news of whales investing large amounts in this token. Now, a popular crypto analyst said there are chances there will be a massive 100% increase in the price. Note that this is just the opinion of the crypto analyst. So, do your own research, and this is not financial advice. 

Chainlink To Increase In Price According to Van De Poppe 

Image from X 

• Van de Poppe is one of the most prominent crypto analysts on Twitter, and he recently made a prediction about Chainlink. So, this crypto analyst believes that there’s a chance that LINK increases to as much as 100%. This crypto analyst has over 668,000 followers on the social media platform X, and they are always keen to learn from him. So, Van de Poppe says Chainlink is due for a final correction, and this will spearhead the bullish trend that is coming. 
• Specifically speaking, this crypto analyst believes that 2024 will be a big year for LINK. He says that next year will be the perfect time for Chainlink to make this last correction to kickstart the move to over 100%. So, Van de Poppe believes that this rally will take LINK somewhere in the $12-$15 range. But before the massive 100% increase, Poppe says LINK will retest the $7 level. 

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The final correction for #Chainlink before we'll break out of this range.

The markets are still heating up for a big breakout, and if cycles do take place, 2024 is going to be a big year for $LINK.

Expecting to see some retests around $7 to be bought, before $12-15. pic.twitter.com/GsF8ANxNME

— Michaël van de Poppe (@CryptoMichNL) October 3, 2023

Chainlink Current Price Update 

Coinmarketcap 

• At the time of writing, the price of Chainlink is around $7.73. So, there’s currently a bullish trend going on with their Ethereum token, with a more than 2% increase in the daily charts. 
• This is not the only metric on the increase within the Chainlink ecosystem. So, there’s close to a 1% increase in the weekly charts. Here, the highest price of LINK stands at $8.2 while the lowest stands at $7.59. The monthly chart is where a lot of traders are making a lot of money. So, there’s more than a 27% increase in the monthly chart. The lowest price of Chainlink here is around $5.92, and the highest closure is around $8.2.

Bitcoin to Play a Huge Role in the Price Trajectory 

Image from X 

• According to Van De Poppe, Bitcoin will play a massive role in the price trajectory of many cryptocurrencies, including Chainlink. So, the crypto analyst says while other tokens continue to pump, Bitcoin will consolidate before making the pump. 
• When this is done, van de Poppe says that the top crypto asset by market cap could rally to $30,000. So, this comes with a condition. Bitcoin must first successfully retest the $26,700-$26,900 range. Apparently, when this is done, then we might see a massive price rally. 

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Few levels of importance for #Bitcoin here.

Holding above $27,200 would be substantial for upwards continuation, but preferably is a retest at $26,700-26,900 before we'll continue the rally to $30,000.

Sentiment flipped quite fast. pic.twitter.com/yCb8EFt1SM

— Michaël van de Poppe (@CryptoMichNL) October 4, 2023

Conclusion 

Popular crypto analyst Van de Poppe recently made some analysis regarding the price of Chainlink. So, this crypto analyst believes that LINK stands a chance of making a 100% bullish rally. However, Bitcoin price trajectory will also play a huge role in this prediction.

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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.