Ethereum

Ocean Protocol

Rally

Chainlink

<div class="dailyhodl">
 <p>A top crypto strategist predicts that one altcoin focused on artificial intelligence (AI) will double up while updating his outlook on decentralized oracle provider Chainlink (LINK).</p>
 <p>Pseudonymous crypto trader Bluntz tells his 226,200 followers on the social media platform X that Ocean Protocol (OCEAN), a data-sharing digital asset with a focus on AI, will see a 100% surge in price after the narratives around AI ramp up again.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><em> “Beautiful high timeframe setups all across the board, I suspect the AI narrative will pop up again at some point in the future and OCEAN looks primed [and] ready for a breakout but hasn’t moved too much. Easy 100% move higher IMO (in my opinion).”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F94VyiFbIAA2c_m?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>OCEAN is trading for $0.381 at time of writing, a 1.5% increase during the last day.</p>
 <p>The crypto analyst goes on to say that he believes Chainlink is gearing up for a big rally to the upside where it could “catch up” to smart contract platform and Ethereum (ETH) rival Solana (SOL), which has seen a 25% increase in price since October 28th.</p>
 <p><em> “I think [LINK] is finally ready to play catch up to SOL again. RSI (Relative Strength Index) reset, sideways flat correction finished, next leg up is loading IMO.” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F94ARqGbYAAINwO?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>LINK is moving for $10.95 at time of writing, a fractional increase during the last 24 hours while SOL is trading for $39.22, a 6.7% decrease during the last day.</p>
 <p>Bluntz concludes his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by noting that the US Dollar Index (DXY), which keeps track of the USD’s value compared to foreign currencies, has topped, meaning the next 6 months will be great for risk assets such as crypto.</p>
 <p><em>“DXY showing signs of distribution here while equities look like they may have finally found a bottom and crypto is almost certainly risk on again. If DXY has topped like I suspect and starts trading back under the range and below 105, the next 6 months will be great for risk assets.” </em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-crypto-analyst-predicts-easy-100-rally-for-ai-focused-altcoin-updates-outlook-on-chainlink-tbt68917.html">https://thebittimes.com/top-crypto-analyst-predicts-easy-100-rally-for-ai-focused-altcoin-updates-outlook-on-chainlink-tbt68917.html</a></p>

Top Crypto Analyst Predicts ‘Easy 100%’ Rally for AI-Focused Altcoin, Updates Outlook on Chainlink

TheBitTimes

Other articles published on Nov 3, 2023

Analyst points to Coinbase’s future after disappointing quarter

The Sandbox Launches Global Creators Day Event and Announces Three Major Updates

Differences Between Layer 1 and Layer 2 Networks

Breaking: US Treasury Cracks Down on Russian Money Laundering Queenpin

Opportunities for Altcoin Investors: XRP, Dogecoin, and Solana

Shiba Memu’s presale nears $4.5m: Should you invest in the project now?

Join our free newsletter for daily crypto updates!