The post Chainlink Could Be A Great Investment in Q4- These Are The Targets! appeared first on Coinpedia Fintech News
The global crypto market cap has slightly surged in the last 24hrs and is now valued at a total of $963.87 billion. Most crypto assets have witnessed decent gains over the past few hours.
Among such gainers is Chainlink which is experiencing a recovery phase after the currency drastically fell by nearly 65% this year. In the early hours today, Chainlink’s LINK surged as high as $7.9, the highest level since September 30.
At the time of writing, Chainlink is trading at $7.73 after a fall of 1.44% over the last 24hrs.
Now, a renowned analyst, Michael Van De Poppe, is referring to Chainlink as “a rare opportunity for investors.”
The analyst informs his 629,900 followers over Twitter that the present trade price of Chainlink is an opportunity for life as he portrays his bullish approach towards LINK.
As per the analyst, Chainlink’s price between $6 and $8 is an opportunity to grab the currency.
The price rise has pushed the currency towards being the 22nd largest crypto by market cap, up by 2.58% over the last 24hrs.
Big Breakout For Bitcoin
Next, the strategist discusses Bitcoin where he predicts a bull run for Q4 of 2022.
As per the expert, the US dollar index (DXY) is about to see a run while the crypto market experiences another correction. He believes that the unemployment data which is set to be released tomorrow will be negative, but he also says that BTC is expected to surge in Q4 of this year.
The analyst also claims that though the Federal Reserve will stick with its rate hikes, the crypto market is reacting positively. With Gold and Silver surging, Van de Poppe predicts Bitcoin to witness a breakout.
He concludes by asserting that BTC will plunge at $19,600 before making an upward move towards the next resistance area of $22,400.