Decentralized oracle network Chainlink (LINK) could be ready for takeoff, according to one popular crypto analyst.
In a new strategy session, widely followed analyst Benjamin Cowen tells his 528,000 subscribers that he believes Chainlink is primed to rally past three digits this market cycle.
“My speculation with LINK – and it always has been – is that we should break $100 this market cycle. And I would speculate that we go above that… We could go to several hundred dollars this market cycle.
That will of course be highly dependent on the health of the entire market.”
At time of writing, the 11th-ranked cryptocurrency by market cap is trading at $35.98 coming off a 16% increase over the past 24 hours.
Cowen notes that during LINK’s existence, the time between each bull cycle has decreased. After recovering to the level of its previous bull cycle – which took the altcoin from its former $20 all-time high to a