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Home»ALTCOIN NEWS»Analyst Predicts Over 200% Rise for DeFi Altcoins and Issues Updated Predictions for Chainlink and 1 Additional Coin.
ALTCOIN NEWS

Analyst Predicts Over 200% Rise for DeFi Altcoins and Issues Updated Predictions for Chainlink and 1 Additional Coin.

By Crypto FlexsMarch 11, 20242 Mins Read
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Analyst Predicts Over 200% Rise for DeFi Altcoins and Issues Updated Predictions for Chainlink and 1 Additional Coin.
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One widely respected analyst believes that new decentralized finance (DeFi) altcoins are poised for huge gains.

The governance token of Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP) appears to be preparing for a parabolic surge, pseudonymous analyst Inmortal told his 209,300 followers on social media platform

Inmortal shares a chart that suggests JUP is poised to rise to a new all-time high of $2.30, an increase of over 207% from current levels.

source: Immortal/X

As of this writing, JUP is trading at $0.747.

Next, traders are closely watching Chainlink (LINK), a decentralized oracle network. Inmortal says it expects LINK to consolidate for a few weeks before moving higher.

“Range top + moving average 200 (retest). “I think you can go a step further by paying a week or two more between $17 and $21.”

video
source: Immortal/X

As of this writing, LINK is worth $20.01.

Another coin on traders’ radar is Constellation (DAG), a cryptocurrency platform built on the directed acyclic graph (DAG) structure. According to Inmortal, DAG is positioned to witness an upward trend after a long accumulation period.

“I like the DAG chart.

+500 days accumulated and ready to expand next month.

“It’s not something you see every day.”

video
source: Immortal/X

Looking at the trader’s chart, he appears to have marked $0.10, $0.20, and $0.46 as key resistance levels for DAG. As of this writing, DAG is worth $0.076.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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