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Trader Predicts Rallies for Chainlink and One Under-the-Radar Gaming Altcoin – But There’s a Catch

source-logo  dailyhodl.com 25 March 2024 00:19, UTC

A closely followed crypto analyst believes that rallies are in sight for a couple of altcoins including the native asset of the decentralized oracle network Chainlink (LINK).

Pseudonymous analyst Inmortal tells his 211,300 followers on the social media platform X that he sees LINK rallying close to $26.

But before Chainlink could surge to a level last seen over two years ago, Inmortal sees the altcoin dropping to as low as $15.

“LINK: $15-$17 is a good range to add to spot bags. Quite simple.”

Image
Source: Inmortal/X

At time of writing, Chainlink is trading for $18.30.

Next up, the trader is also bullish on the gaming-focused crypto project Beam (BEAM). Inmortal shares a chart suggesting that BEAM may dip below $0.025 before launching an over 100% surge.

“BEAM: holding a bag from $0.018. $0.027 would be a dream spot to add more.”

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Source: Inmortal/X

At time of writing, BEAM is worth $0.032.

The crypto strategist is also keeping a close watch on Dogecoin (DOGE) rival Floki (FLOKI). The trader shares a chart showing how FLOKI is massively outperforming DOGE this cycle.

“FLOKI vs. DOGE.

The chart speaks for itself.”

Source: Inmortal/X

The trader previously predicted that Floki would mirror Dogecoin’s price action during the last bull market and rally to a new all-time high of $0.0018, a rise of about 680% from current levels.

“FLOKI is about to do what DOGE did in 2021.

It’s memecoin season and Floki will be the best performer, in my opinion.”

Source: Inmortal/X

At time of writing, FLOKI is worth $0.00023.

Generated Image: Midjourney

dailyhodl.com