A closely followed crypto analyst says traders are sleeping on Chainlink while predicting new all-time highs for two emerging altcoins.
The pseudonymous trader, known in the industry as Pentoshi, tells his 258,200 Twitter followers that he sees the decentralized oracle network significantly outperforming Bitcoin in the coming weeks.
“I think people are sleeping on LINK. Very little chatter yet massive things going on in front of people’s eyes I won’t be surprised if price is a lot higher in the next 4-6 weeks.”
According to Pentoshi’s chart, the LINK/BTC pair looks poised to take out key resistances en route to his target of 0.0011 BTC, worth $57.82 at time of writing. The move represents an upside potential of nearly 70% from its current value of 0.00065 BTC or $34.17.
The crypto trader is also tracking layer-2 scaling solution Polygon (MATIC), which he says has taken out resistance at $1.62 and is now ready to move above