Michael van de Poppe: Chainlink will surpass Bitcoin

Renowned cryptocurrency analyst and trader Michael van de Poppe believes that one of the top 15 altcoin projects could more than double in value and surpass bitcoin BTC $60,556.40 Bitcoin -3.29% Market capitalization $1.19 trillion VOL. 24 hours $1.47 billion The expert tells his 686,300 followers on the X platform that the decentralized oracle network Chainlink LINK $14.50 Chainlink -1.16% Market capitalization $8.82 billion VOL. 24 hours $30.98 million is likely to witness a massive breakout against bitcoin (LINK/BTC) within a year.

«Chainlink against Bitcoin is still expecting a major breakout at the end of this year. Higher lows are being set, a breakout above 4,500 points and it will go to 9,000 points. I’m buying the drop,» De Poppe says.

The trader goes on to note that bitcoin is likely to trade between $ 49,000 and $ 39,000 before a breakout, which will occur after the April halving:

«I haven’t posted an update on this bitcoin chart in a while. Everything is going pretty well as planned. Now, consolidation is likely to take place before continuing to move to new all-time highs.»

De Poppe also believes that the total market capitalization of digital assets is in an uptrend after testing a key support level of $ 1.547 trillion:

«The total market capitalization of cryptocurrencies has gained liquidity and rebounded from the critical zone. It is likely that we will continue to move towards $ 2 trillion in the coming period.»