- Arthur Hayes’s crypto fund predicts a Chainlink competitor could surge by up to 230% from its current level.
- According to an analyst who accurately predicted the 2022 Bitcoin crash, a leading altcoin Ethereum competitor has the potential to rise by up to 170%.
- Popular crypto analyst Ali Martinez predicts a rise for a Layer-2 token.
Arthur Hayes’s crypto fund predicts a surge for Chainlink competitor, while an Ethereum competitor could see a significant rise. Also, a Layer-2 token is set for a bullish trend according to a popular crypto analyst.
FLR Price Prediction: High Potential for this Altcoin!
Maelstrom Fund, an early-stage crypto investment fund run by Arthur Hayes’s family office, says that Flare (FLR), a relatively new Blockchain and a competitor to Chainlink (LINK), is currently “probably undervalued”. The fund notes that Chainlink’s early move advantage, with numerous projects already integrated with its services, gives it a significant advantage. However, as Flare gains traction, it has the potential to quickly catch up with Chainlink.
Detailed Analysis of Flare’s Potential
Maelstrom Fund points out that Flare’s fully diluted valuation is currently about 23% of Chainlink’s, but the newcomer has less than 10% of the project integrations that Ethereum (ETH)-based Chainlink already has. The fund draws attention to different aspects of other oracle providers, including the Solana-based Pyth Network. In this context, it notes that unlike them, Flare can “also build its own native ecosystem”. According to Maelstrom Fund, if Flare reaches 50% of Chainlink’s valuation, the FLR token could increase by approximately 2.2 times. The fund also predicts that if Flare reaches 75% of Chainlink’s valuation, FLR could increase by 3.3 times.
DOT Price Prediction: 170% Increase on the Table!
Crypto Capo, a widely followed crypto analyst who accurately predicted that Bitcoin (BTC) would fall below $30,000 in 2022, says that if the leading altcoin Ethereum competitor Polkadot (DOT) manages to stay above a significant support level of $6, it could surge by up to 172% from its current levels.
ARB Price Prediction: Altcoin Gives a Buy Signal!
Popular crypto analyst Ali Martinez predicts a rise for Ethereum Layer-2 solution Arbitrum (ARB). The analyst says that ARB’s TomDeMark (TD) Sequential Indicator gives a buy signal on the token’s weekly chart. The analyst predicts a recovery of between one to four candlesticks for ARB.
Conclusion
Given the predictions and analyses, these altcoins show potential for significant growth. However, it is crucial for investors to conduct their own research before making any investment decisions. These predictions are not investment advice but an analysis of possible market trends.
