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Popular cryptanalyst Kevin Swenson said that the Chainlink (LINK) cryptocurrency can grow significantly in value. He stressed that, according to his forecast, the growth rate is quite capable of reaching 10,000%. However, to begin with, the capitalization of a virtual asset will incur short-term losses, which will allow you to get the greatest profit in the future.
Swenson noted that Ethereum (ETH) may fall in value to the range of $ 500 -$ 700, and the LINK rate, respectively, will drop to $ 2 – $ 3. Hence, this will mean that if investors manage to acquire a digital asset at a given price, they will be able to fix a hundredfold profit over the next few years.
At the same time, the strategist stressed that at the moment he avoids trading in altcoins, since the market is extremely volatile and unstable. Such assets as ETH and LINK, in his opinion, are the most popular projects in the entire cryptocurrency industry. He believes that from a fundamental point of view, the infrastructure of these projects will play a key role in their success.
Other experts stressed that Swanson’s 100-fold link growth forecast could be based on historical price movements on the chart between April 2019 and May 2021, when chainlink’s altcoin rose 13,200% to its all-time high of $53.
As of 13:00 Moscow time on June 28, 2022, the virtual asset was trading at $6.6.
Earlier, the editors of the Crypto.ru reported: market analyst Joe Bargain assured that the Ethereum cryptocurrency will surpass Bitcoin in popularity and become the flagship of the industry. According to the strategist, BTC is not able to scale and meet the needs of people, and Ethereum is suitable for cross-border transfers and micropayments.
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