This Altcoin is All Set To Hit $100 Yielding 4x Profits
The post This Altcoin is All Set To Hit $100 Yielding 4x Profits appeared first on Coinpedia Fintech News
Cryptocurrency analyst Jebb has said that Chainlink (LINK) will go over $100 in the upcoming bull market. He gave various reasons to support his argument and explained the coin’s price targets. Jebb says Chainlink hasn’t reached its highest value yet. But he thinks it could grow a lot because of its usefulness and how widely it’s being used. Also, most of the Chainlink tokens have already been released, so there won’t be more flooding the market, which is suitable for its value.
Jebb looks at how much money people have put into Chainlink in the past and sees that it hasn’t reached its highest point yet. But he thinks it can grow a lot because huge companies are increasingly using it.
Why Chainlink Matters?Jebb likes Chainlink because it’s easy to understand its value. He says it’s like Bitcoin in simplicity. Chainlink’s job is to ensure data going into blockchain systems is correct and timely. This matters greatly for decentralized finance (DeFi) and other blockchain apps.
Chainlink isn’t just for finance. It’s used in gaming, NFTs, climate tracking, and more. Many industries rely on Chainlink to ensure data from blockchains is accurate.
The $9.7 Trillion Deal
The analyst discusses Chainlink’s $9.7 trillion Total Value Equivalent (TVE). This means the total value of transactions using Chainlink data since 2022. It’s a huge number and shows how much Chainlink is being used. This could be a big reason for its future growth.
What’s Next?Technical indicators further support Jebb’s bullish outlook, with Chainlink positioned for significant upside potential. He points to Fibonacci levels and bullish chart patterns, suggesting a clear path for Chainlink’s ascent to $100 and beyond. Jebb anticipates short-term price targets of $30 and mid-term milestones around $50, culminating in Chainlink’s valuation surpassing $100.