Michael van de Poppe named a well-known token, the value of which will increase by 90% this year

A well-known cryptocurrency analyst and trader believes that one of the top 20 altcoin projects is ready to move up one step further. Michael van de Poppe announced this to his 692,300 subscribers on the X platform.

According to the analyst, the decentralized oracle network Chainlink (LINK) can grow by about 90% of its current value. «Chainlink is still stuck in a range, but it is likely to break out. Why: Liquidity has dropped to $ 12.20. Several tests for stability. Reaching the bottom in tandem with BTC. ETH is starting to wake up. It looks like we will see $ 25-$ 30 in the coming months,» Poppe wrote.

Looking at the chart, the expert explained that LINK $21.52 Chainlink -3.11% Market capitalization $13.58 billion VOL. 24 hours $98.43 million has made four tests of the key resistance level around $ 16.54 since November. At the time of writing, Chainlink is trading at $ 17.94.

The trader also expects BTC $94,638.28 Bitcoin -2.79% Market capitalization $1.87 trillion VOL. 24 hours $1.76 billion to test the higher level again ahead of the halving in April, when miners' rewards will be cut in half. During the same period, he predicts that altcoins will outperform the crypto king.

«Bitcoin's liquidity has exceeded its peak and is likely to consolidate. In general, a new test at $ 48,000-$ 50,000 seems likely, and during this time, altcoins will significantly surpass it.»

Just a few days ago, Poppe predicted growth that would surpass bitcoin for Chainlink. According to the analyst, Chainlink’s decentralized oracle network is likely to witness a massive breakthrough against bitcoin (LINK/BTC) within a year.