There are new crypto predictions out, and the most important ones are targeting Polygon, Chainlink, and Cardano. Check out the new predictions below.
New crypto predictions are out
The important crypto analyst has revised his perspective on Cardano (ADA), Polygon (MATIC), and Chainlink (LINK) concerning Bitcoin (BTC) due to the recent weakness in the altcoin market.
In a new video update, DataDash host Nicholas Merten warns his 511,000 YouTube subscribers that many altcoin projects could see as much as a 95% correction in the current cycle from their all-time highs.
“We can take it back here, look at a whole range of different plays here in the market, and you will see similar patterns here – altcoins typically correct. Even Ethereum in the last bear market in 2018 corrected over 95% from the all-time highs. So don’t doubt that history could repeat itself.”
When comparing Cardano to Bitcoin on the smart contract platform, Merten cautions that there may be a 50% drop on the ADA/BTC chart, bringing the current price of 0.00001000 BTC ($0.259) down to approximately 0.00000450 BTC ($0.12).
“If stablecoin liquidity isn’t there and if optimism isn’t there and regulatory concerns are growing ADA is not going to move higher…
We got to ask ourselves whether or not we can hold… this line of higher lows against Bitcoin. And if we can’t… I think you’re looking at 500 Sats (Satoshis) to about 450 for the next level. That is over 50% here from where we are now.”
Regarding Polygon, he said:
“If liquidity isn’t here, we’re likely moving down to the historic line of prior support, which means that we’re going to probably be correcting rather than 70% down to around 78% down towards around 1,450 Satoshis here. Not a good look here for MATIC.”
He also addressed Chainlink, saying the following:
“[Chainlink] peaked out in August of 2020 and since then has been bleeding against Bitcoin. Now during the bull market, sure, maybe its dollar value came up to some degree, but it was massively underperforming Bitcoin and it has continued to do so. If this continues to decline to say 1,700 [Sats] this will have been a 90% decline from its peak against Bitcoin.”
