A closely watched crypto strategist believes that the altcoin markets could experience a surge in the coming weeks.
Pseudonymous analyst Rekt Capital tells his 394,800 followers on social media platform oracle provider Chainlink (LINK).
With both SOL and LINK witnessing rallies in recent days, Rekt Capital says the altcoin markets may be gearing up to repeat their strong performance of the past quarter.
“Both SOL and LINK sparked the first wave of altcoin rallies months ago.
They were the top performers in the Q4 2023 altcoin hype cycle.
Both SOL and LINK are on the rise… and are once again performing better.
The market may be gearing up for an altcoin hype cycle in the first quarter.”
Rekt Capital is not the only analyst who thinks Chainlink has a profound effect on the crypto markets. Trader Inmortal tells his 206,100 followers on social media platform
“Marines are doing it again. You know what happened last time CLUTCH motivated? The entire crypto market followed.”
Analyst Kevin Svenson echoes the same sentiment.
“LINK started its run before every other top crypto this cycle.
[On Friday] it showed signs that it would lead the next run again as usual.
Classic chain link.”
At the time of writing, LINK is trading at $17.91, up more than 20% since the beginning of the year. Meanwhile, SOL is worth $98.46, up more than 24% from January’s low of $79.
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Featured image: Shutterstock/svetafelaya/WindAwake