Ethereum

Based

Solana

Bitcoin

Chainlink

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/crypto-market-analysis-heres-what-next-for-bitcoin-btc-solana-sol-chainlinklink-price/">Crypto Market Analysis: Here’s What Next For Bitcoin (BTC), Solana (SOL), Chainlink(LINK) Price</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Over the past several weeks, Ethereum’s competitor Solana (SOL) rose to $30 before backtracking nearly 20%. Looking at the impressive SOL graph one analyst predicts it will shoot more than 10X by 2025 but with a word of caution. While the bullish projections seem to be hype in the current bear market, it will be interesting to see his reasons behind the altcoins surge. Let’s read the analyst projection.&nbsp; 
A prominent crypto analyst known as Inmortal shared his <a href="https://twitter.com/inmortalcrypto/status/1682767704908873728" rel="noopener noreferrer nofollow">predictions</a> in a series of posts on platform X, for the prices of several cryptocurrencies in the future, specifically focusing on Solana (SOL), Chainlink (LINK), and Bitcoin (BTC).&nbsp; 
<h2 class="wp-block-heading" id="strong-solana-price-strong">Solana Price </h2> 
Inmortal’s optimistic <a href="https://twitter.com/inmortalcrypto/status/1682767704908873728" rel="noopener noreferrer nofollow">outlook</a> for Solana (SOL) stems from its status as a strong Ethereum (ETH) competitor. The analyst forecasts a remarkable rally of over 10 times its current value by 2025. One of the reasons for this positive outlook is Solana’s impressive track record, boasting 100% uptime and no outages reported over the last quarter, which adds credibility to the prediction. 
However, potential investors should note that the growth path might not be entirely smooth, as Inmortal suggests a short-term dip below the $20 mark before resuming its upward trajectory.&nbsp; 
Such volatility is characteristic of the crypto market, and investors should exercise caution and conduct thorough research before making investment decisions. 
<h2 class="wp-block-heading" id="strong-chainlink-price-strong">ChainLink Price </h2> 
The analyst is keeping a close watch on Chainlink (LINK), a decentralized oracle network. Based on his <a href="https://twitter.com/inmortalcrypto/status/1682026017395998723" rel="noopener noreferrer nofollow">analysis</a> LINK will experience a substantial upward movement after more than a year of accumulation. That’s the reason the analyst thinks that LINK is undervalued, and based on his chart analysis, he predicts a potential rally close to $20 in the future. At the time of his prediction, LINK is trading at $7.59.&nbsp; 
<h2 class="wp-block-heading" id="h-bitcoin-price">Bitcoin Price </h2> 
Last but the least, regarding Bitcoin (BTC), analysts <a href="https://twitter.com/inmortalcrypto/status/1681043577197977600" rel="noopener noreferrer nofollow">foresee</a> that it will likely revisit its all-time high (ATH) of around $69,000 during the second half of 2024 if it follows a similar pattern to its previous market cycles. Since it has already passed 250 days from the last bottom.&nbsp; 
He points out that the mid-cycle rally should be over by the time of his prediction, leaving approximately 467 days to reach the previous ATH levels.&nbsp; 
In the short term, he believes Bitcoin will rally due to a short squeeze, which is a situation where traders who bet on a price decrease are forced to buy back the assets they borrowed, leading to further price increases. The analyst sets his sights on $30,400 as a potential target for this short squeeze. At the time of the prediction, BTC is valued at $29,117.

Crypto Market Analysis: Here’s What Next For Bitcoin (BTC), Solana (SOL), Chainlink(LINK) Price

Table of Contents

CoinPedia News

Other articles published on Jul 26, 2023

Dogecoin (DOGE) Pumps 10% As Elon Musk Links Memecoin To X

Crypto Payment Platform Loses $31 Million in Security Breach

The Legalization of XRP: A New Age for Tokens Built on the XRPL

Rari DAO plans to launch a delegate launchpad program

Crypto.com Grows its Presence in Asia-Pacific with New Partnership

South Korea forms a joint regulatory body to combat Crypto crimes

Join our free newsletter for daily crypto updates!