Trader Forecasts 1,660% Surge for Lesser-Known Altcoin, Revises Projections for Shiba Inu and Chainlink
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Trader Forecasts 1,660% Surge for Lesser-Known Altcoin, Revises Projections for Shiba Inu and Chainlink

A prominent crypto strategist believes that an altcoin built on the Ethereum blockchain is about to experience significant gains. Analyst Ali Martinez, who has a strong following on social media, suggests that the native asset of VeChain, a supply-chain management project, is following a similar market structure to its previous cycle. If this pattern continues, Martinez predicts that VeChain will see gains of over 1,660% by the end of the year. In addition, Martinez suggests that Shiba Inu, a memecoin, is poised for a breakout rally if it breaks the upper boundary of its descending parallel channel. Lastly, Martinez highlights that the Tom DeMark Sequential Indicator has turned bullish for Chainlink, a decentralized oracle network. According to Martinez, this indicator suggests that Chainlink could experience an upward trend lasting one to four weeks. Please note that The Daily Hodl is not providing investment advice and encourages investors to conduct their own research before making any high-risk investments.

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