Crypto analyst Benjamin Cowen is revealing his Chainlink (LINK) price prediction, as the top oracle project gears up to explode in price.
Cowen tells Altcoin Daily hosts Aaron and Austin Arnold that LINK is an asset to watch as it gradually gains value against Bitcoin over time and solidifies its spot as a legitimate crypto asset with staying power.
The crypto strategist adds that traders should focus on finding quality coins to invest in and to look at the performance of those coins against Bitcoin instead of the US dollar.
“What I think is more important is to go after the coins that stand the test of time. Because the headaches and the stress of watching a coin go up one day and watching it go down 80% the next day is not worth it…
One of the things that I think is important that everyone should do is to value your portfolio against Bitcoin, not USD. I’m not a fan of deterministic thinking. But if I were to think deterministically about any coin, it’s that Bitcoin is going up over the macro scale and increasing your Bitcoin stack is not a bad idea. If you’re a LINK marine, you can use these types of things to increase your LINK stack.”
Cowen tells the pair that, in his view, LINK could realistically reach three figures before the end of the year, barring any wild Bitcoin price swings.
“I think with LINK, time is on our side and it’s just a matter of time before we go to that three-figure level. I think it can make it to $100… maybe higher, maybe $200. That would probably be predicated on Bitcoin stabilizing at some point and not constantly flirting with price discovery.“
The analyst notes that in his opinion, this macro bull market cycle has a lot of gas left in the tank, and so does the king crypto itself.
“I always say don’t marry an altcoin. You’ve got to divorce it when it’s the time, but in the grand scheme of the market cycle, I feel like time is generally on our side. There [are] gonna be dips along the way and there [are] going to be corrections and we know that and we’ve seen that every cycle so far, but it doesn’t change the grand vision of where Bitcoin is headed because I do think that Bitcoin is headed to $100,000 or $200,000.”
The post Chainlink Ready To Erupt, Says Crypto Analyst Benjamin Cowen – Here’s His Massive End of Year Target appeared first on The Daily Hodl.