SushiSwap

Chainlink

MN Coin

<div class="dailyhodl">
 <p>A widely filled crypto analyst is predicting a 25% upswing for decentralized oracle provider Chainlink (LINK) while updating his outlook on decentralized crypto exchange (DEX) SushiSwap (SUSHI).</p>
 <p>In a new thread, crypto strategist Ali Martinez tells his 40,800 followers on the social media platform X that the path appears clear for LINK to skyrocket to the $20 price level.</p>
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 <p><em>“Chainlink has built a solid demand zone between $14.80 and $15.20, where 17,650 addresses bought 85.12 million LINK. With the lack of resistance ahead, LINK could be positioned to advance toward $20.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GD4xaNXWwAASWTj?format=jpg&amp;name=medium" alt="GD4xaNXWwAASWTj" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>The traders’ chart, which tracks the In/Out of the Money Around Price (IOMAP) metric, indicates that a staggering 92.1% of LINK holders are in the green while just 6.5% are underwater.</p>
 <p>LINK is trading for $15.95 at time of writing, a 6.26% increase during the last 24 hours. An increase to Martinez’ predicted price would mark a surge of about 25%.</p>
 <p>Moving on to DEX protocol SushiSwap, Martinez says that despite the project seeing continual development, the overwhelming majority of SUSHI holders are seeing red due to the last bear market.</p>
 <p>However, he notes that this could imply that the digital asset is undervalued.</p>
 <p><em>“Despite continuous development on SushiSwap, the bear market’s impact is evident to investors. Data from IntoTheBlock reveals that over 82% of SUSHI holders are currently ‘out of the money.’ This also implies that SUSHI might be undervalued!”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GD0w0TCXoAAF2fR?format=jpg&amp;name=4096x4096" alt="GD0w0TCXoAAF2fR" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
  </figcaption>
 </figure>
 <p>SUSHI is trading for $1.10 at time of writing, a 1.17% decrease during the last day.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-predicts-over-25-surge-for-chainlink-says-one-under-the-radar-altcoin-could-be-undervalued-tbt76907.html">https://thebittimes.com/crypto-analyst-predicts-over-25-surge-for-chainlink-says-one-under-the-radar-altcoin-could-be-undervalued-tbt76907.html</a></p>

Crypto Analyst Predicts Over 25% Surge for Chainlink, Says One Under-the-Radar Altcoin Could Be Undervalued

TheBitTimes

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