A prominent crypto strategist says that Chainlink (LINK) is on an upward trajectory despite its underperformance in the market last year.
In a new interview with crypto analyst Benjamin Cowen, the host of the financial education program of the YouTube channel InvestAnswers explains his optimistic outlook for the decentralized oracle network.
“Here is the oracle who has his finger in every pot…LINK/ETH, below 0.008 ($26.25). Whenever that happens it is a buy indicator for Chainlink…
It’s been consolidating a bit at the moment, but I think with additions as well as advice [of] The former Google exec is at it, with nothing but bullish time ahead for Chainlink. ”
In December, Chainlink announced that it had recruited former Google CEO Eric Schmidt as an advisor to the project. The host went on to say that he is a bit worried about the crypto asset’s tokenization, but also notes that its popularity sets it apart.
“I believe the only thing that worries me about Chainlink is inflation – a bit higher than I would like, but you can’t deny it’s part of everything in smart contracts across all blockchains. chain around the world. The ecosystem is flamboyant. ”
At the time of writing, LINK was valued at $24.93.
The analyst also shared his outlook for Ethereum (ETH) over the next 18 months. He said that he does not see any Ethereum competitors gaining any significant ground on ETH and that the leading smart contract platform will reign supreme.
“Nothing will happen. Ethereum will not be overtaken by any other chain by market cap unless of course the wheel leaves Ethereum entirely. I think that’s very unlikely. Ethereum is slow and steady, it’s solid and everything runs on it. ”
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