Cryptocurrency based on Ethereum is named, which will grow by 100%

According to popular crypto analyst Michael van de Poppe, the Ethereum-based altcoin (ETH) is likely to face the last stage of its decline before doubling in price. The crypto strategist told his 668,000 followers on social network X. According to De Popper, the decentralized oracle provider Chainlink (LINK) is expecting a final correction and a further breakthrough.

According to the analyst, 2024 should be an important year for Chainlink, as the coin has every chance of reaching $ 12-$ 15.

«A final correction for Chainlink before we break out of this range. The markets are still warming up for a big breakout and if the cycles do come through, 2024 will be a big year for LINK. We expect to see a few retests around $ 7 that will be buyable before reaching $ 12−15,» De Poppe said.

According to the analytical tracker CoinMarketCap, at the time of writing, Chainlink (LINK) is trading at $ 7.73, up almost 2% overnight. The total supply of coins on the market amounted to $ 4.3 billion. Traders made daily trading deals worth $ 241.7 million.