Analyst foresees substantial rallies for SOL, LINK, and SOPH in the upcoming bull run. Predictions include SOL reaching $7,500 and Chainlink potentially climbing to $2,300 in the next few months.
Nick, a well-known crypto analyst and host of the Cheeky Crypto YouTube channel, has singled out three altcoins that he believes will thrive in the upcoming bull run. In a recent video, Nick highlighted Solana (SOL), Chainlink (LINK), and SophiaVerse (SOPH) as the altcoins poised to generate significant returns with potential upward movements in the coming months.
Renowned Analyst Forecasts Bullish Trajectory for Solana (SOL)
In his recent analysis, Nick, a well-known crypto analyst and host of the Cheeky Crypto YouTube channel, highlighted three altcoins poised for significant growth in the next bull run. One of his top picks is Solana (SOL), despite initial reservations about the layer-1 blockchain protocol.
Nick emphasized Solana’s impressive reversal and identified substantial impulsive structures on its chart. He expressed optimism that these formations could drive Solana’s price to remarkable heights, projecting a bullish target of $7,500 for the upcoming bull run.
However, acknowledging potential future changes impacting the scalability-focused altcoin, he provided a more conservative target of $2,000. Despite trading at $59.88 at the time of the analysis, Nick suggested a realistic target for Solana’s altcoin would likely fall within the $600 to $700 range.
Chainlink and SophiaVerse Altcoins in the Spotlight
Nick, the prominent crypto analyst from the Cheeky Crypto YouTube channel, identified Chainlink (LINK) and SophiaVerse (SOPH) as two altcoins with substantial rally potential in the upcoming bull run.
Starting with Chainlink, Nick highlighted signs of the altcoin establishing a bottom, emphasizing its numerous integrations and contributions to blockchain industry immutability. He underscored Chainlink’s critical role in the blockchain world from a fundamental perspective, anticipating increased exposure, adoption, and capital influx. The analyst theoretically projected a climb to $2,300 for Chainlink in the coming months, with a more realistic target ranging between $200 and $400.
Moving to SophiaVerse, an AI-focused blockchain token, Nick pointed out its unique position with the SingularityNET AI, Sophia. The recent announcement of SophiaVerse going into orbit with SpaceX was highlighted as a significant catalyst for future growth.
Nick speculated that the AI protocol’s token, SOPH, could potentially deliver returns ranging from 100 to 1,000 times during the bull run. At the time of the analysis, SOPH was trading at $0.1168 according to CoinMarketCap data.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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