Ocean Protocol and Chainlink: Crypto Analyst Predicts Potential Surge in Prices - COINTURK NEWS
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Ocean Protocol and Chainlink: Crypto Analyst Predicts Potential Surge in Prices

2:08 pm (31 days ago)
November 3, 2023

Experienced cryptocurrency analyst Bluntz evaluates the current situation of decentralized oracle provider Chainlink (LINK) and predicts that the price of artificial intelligence-focused altcoin Ocean Protocol (OCEAN) could increase more than double. Here is the analyst’s prediction for these popular altcoins.

Ocean and Chainlink: Analyst’s Outlook

Anonymous cryptocurrency analyst Bluntz, on his personal X (formerly known as Twitter) account, stated that after the resurgence of narratives in the field of artificial intelligence, the local asset OCEAN of the AI-based data sharing protocol Ocean Protocol could experience a 2-fold increase in price. He said:

OCEAN seems ready for a significant breakthrough, as I suspect the narrative of artificial intelligence will resurface in the high time frame for OCEAN. However, it has not moved much. I think it can easily move over 100%.

Furthermore, Bluntz believes that Chainlink is preparing for a major upward rally as a smart contract platform and Ethereum (ETH) competitor Solana (SOL) can be caught up. According to the analyst, LINK, which has seen a 25% increase in price since October 28, can make a move similar to SOL:

I think LINK is ready to move to catch up with SOL. The Relative Strength Index (RSI) has reset, the sideways movement has come to an end, and its next correction is over. I believe it will now move upward.

DXY Could Clear the Path for Risky Assets

Bluntz concludes his analysis by stating that the US Dollar Index (DXY), which tracks the value of the US dollar against foreign currencies, has reached its peak. This means that the next 6 months will be great for risky assets like cryptocurrencies. He said:

DXY is now giving signals of a reversal, and stocks finally seem to have hit bottom. The cryptocurrency market is almost certainly coming back into the spotlight. If DXY reaches its peak as I expect and starts trading below the 105 level, the next 6 months will be great for risky assets.

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