A crypto analyst highlighted the Chainlink remarkable resilience amid market volatility, predicting that the cryptocurrency is gearing up for a 300% surge from Bitcointhe largest cryptocurrency in the world.
Chainlink Set to Surge 300% Against Bitcoin
Chainlink, a decentralized blockchain oracle network, has recently gained traction, backed by the innovative developments within its ecosystem. Popular crypto analyst Michael van de Poppe expressed optimism about Chainlink’s native token, LINKpredicting a major bull rally for the cryptocurrency.
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Sharing a price chart depicting Chainlink (LINK)/Bitcoin (BTC) price movements from 2021 to 2025, Poppe predicted in an X (formerly Twitter) job that LINK is about to witness an exponential increase between 150% and 300% against BTC.
At the time of writing, the Bitcoin price is trading at $67,623, according to CoinMarketCap. The cryptocurrency has fallen below key support levels around $70,000 and reflects a slight decline of 1.05% over the past 24 hours.
Poppe revealed that he would not be surprised if Chainlink reached this price milestone, emphasizing his confidence in the fundamentals of cryptocurrency prices and future potential in relation to Bitcoin. In chart analysis, the crypto analyst identified a critical resistance level for LINK/BTC around $0.000448, indicating that this point could trigger strong upward breakouts for Chainlink.
In a previous article, Poppe identified Chainlink’s next resistance zone is at $21, predicting that the cryptocurrency could see its price trading between $25 and $30 in the coming months. For this to happen, the crypto analyst explained that Chainlink will need to set a higher low on the weekly time frame.
Poppe’s optimistic view of Chain link comes after the blockchain platform initiated several strategic partnerships. Chainlink has collaborated with Cercle, a peer-to-peer payments company, to expand developer use of USDC and Euro Coin (EURC). In addition, the blockchain platform has recently allied with SWIFTan interbank messaging system, to accelerate the adoption of distributed ledger technology (DLT).
These innovative developments could serve as a catalyst for a potential increase in the price of the cryptocurrency, driven by improved network utility and increased adoption by new users.
LINK Price update
In broader market conditions, Chainlink has been perform better than expected, knowing a price increases since the beginning of the year. Over the past month, Chainlink has risen by 45.01%, highlighting the growing demand and growing investor interest in the cryptocurrency.
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Data from CoinMarketCap also showed that Chainlink surged 3.32% over the past 24 hours and 7.79% over the past week. This bullish performance can be attributed to Chainlink’s continued movement. development initiatives in its ecosystem alongside the recent approval of Spot ETF Ethereum by the United States Securities and Exchange Commission (SEC).
At the time of writing, Chainlink’s price is trading at $18.53, reflecting a 24-hour increase of 14.86% in its daily trading volume.
Featured image created with Dall.E, chart from Tradingview.com
