A crypto expert predicts that an AI-focused altcoin called Ocean Protocol (OCEAN) will double in value as interest in AI grows. They also mention that Ocean Protocol is well-positioned for a significant price increase, with a potential 100% gain.
At the moment, OCEAN is trading at $0.381, showing a small 1.5% increase in the last day.
The crypto analyst also believes that Chainlink (LINK) is preparing for a significant price increase, possibly catching up to Solana (SOL), a competitor to Ethereum (ETH), which has gone up by 25% since October 28th.
According to the analyst, Chainlink’s Relative Strength Index (RSI) has reset, and it has completed a period of sideways price movement. They anticipate that the next price increase for Chainlink is on the way.
Currently, Chainlink (LINK) is priced at $10.95, with a slight increase in the last 24 hours. Meanwhile, Solana (SOL) is trading at $39.22, showing a 6.7% decrease in the past day.
Bluntz wraps up his analysis by pointing out that the US Dollar Index (DXY), which measures the USD’s value compared to other currencies, has reached a peak. This suggests that the next six months could be favorable for riskier assets like cryptocurrencies.
According to Bluntz, if the DXY indeed starts trading below 105 and falls out of its current range, it’s likely that the next six months will be a good period for investments considered risky, such as cryptocurrencies.
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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