The recent decline in the price of Bitcoin (BTC) caused many cryptocurrencies to decline to the levels 1 week ago. The price of ETH, which everyone expects to break the record and exceed $ 1,400, has been pulled up to $ 950 with this decline and has made a comeback with an increase of 13% in the last 24 hours. Despite this comeback, two important analysts are focused on Chainlink (LINK), not ETH.
Pentoshi, known to be a cryptocurrency analyst and a die-hard ETH investor, was the first to take the step. Emphasizing that he is known to be a firm ETH investor, Pentoshi explained that another altcoin caught the eye this time. The analyst thinks that instead of Ether, LINK and other altcoins will dominate the next 6 to 8 months.
Michaël van de Poppe was the second analyst to post LINK analysis on Twitter. Poppe stated that Chainlink is experiencing a good consolidation in bitcoin parity. Stating that it would be “great” to experience the momentum between March and May 2020 again, Poppe predicts a rise close to 100%. Bitcoin and price movements will reveal what period this will coincide within 2021. Messari announced that Chainlink was the best performing cryptocurrency with 529% of the cryptocurrencies with a high total market value in 2020. According to the Messari report, LINK, which appears as the crypto money that marked the year 2020, can make a name for itself in 2021 with such an increase.