Renowned trader and analyst Michaël van de Poppe has identified a promising crypto project within the Ethereum (ETH) ecosystem that he believes has the potential to surge by triple digits in percentage points.
Van de Poppe recently shared with his 773,600 followers on X that he sees bullish potential in blockchain oracle Chainlink (LINK) against Bitcoin (BTC), suggesting that its price could potentially double.
According to the analyst, the Chainlink/US dollar pair could see a significant increase of around 169% from its current level.
“LINK’s formation of a higher low indicates the beginning of a new uptrend.
My initial target is a potential 2x increase in BTC value, which could translate to approximately $40 – $50.”
At the time of writing, LINK is trading at $18.60.
Next on the list is the native token of the layer-one blockchain project Sui (SUI). Van de Poppe suggests that SUI could potentially rise by approximately 61% from its current value after rebounding from a significant support zone.
“SUI serves as a prime example of the market’s potential future movements.
After undergoing a high-time frame support test around $2.50, there was a surge in interest leading to a rapid price increase, followed by a strong green weekly candle.
I anticipate that we will witness a new all-time high for this token soon.”
Currently, SUI is trading at $3.32, experiencing a decline of approximately 38% from its peak price of $5.35.
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Image Credit: Midjourney