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Pointers Indicating Solana and Link Will Spearhead New Bull Cycle

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By Augustine Mbam - - 5 Mins Read
Chainlink logo and Solana logo; purple lit starry sky
Photo | VotMedia

There is growing anticipation in the cryptocurrency market, as top analysts predict a significant surge in altcoins, focusing on two strong performers, Solana (SOL) and Chainlink (LINK).

 

Crypto strategist Rekt Capital has a following of almost 395,000 enthusiasts and shared insights on social media, fueling speculation of an upcoming altcoin bull run.

Solana (SOL) and Chainlink (LINK): Driving the Momentum

The recent resurgence of altcoins is largely attributed to the impressive performances of Solana and Chainlink in the last quarter.

 

These two cryptocurrencies have maintained their momentum and significantly amplified it.

 

With its innovative blockchain technology and Chainlink operating on the Ethereum platform, Solana has emerged as key players shaping the narrative of the altcoin market.

 

Rekt Capital, the anonymous crypto expert, emphasizes that the previous quarter's altcoin momentum found its driving force in the impressive performance of Solana and Chainlink.

Solana (SOL) and Chainlink (LINK): Resurgence Signals a New Bull Cycle

Recent price surges in Solana (SOL) and Chainlink (LINK) have caused a stir in the cryptocurrency world, indicating that the altcoin bull run may continue into early 2022.

 

The rally in both cryptocurrencies has attracted experienced traders and new investors seeking promising opportunities in the crypto market.

 

Rekt Capital's analysis points to the possibility of Solana and Chainlink spearheading the Q1 altcoin hype cycle.

 

Thus, the resurgence in these assets serves as a huge indicator, with their impressive gains setting the stage for what could be a remarkable period for the broader altcoin market.

Chainlink Influence: A Catalyst for Broader Market Dynamics

Chainlink's influence extends beyond its individual gains, with traders and market observers acknowledging its ability to precede broader crypto rallies.

 

Trader Inmortal, a prominent figure in the crypto space, emphasizes the significance of LINK's movements as a leading indicator for the entire market.

 

"LINK's pump precedes broader crypto rallies," notes Inmortal, highlighting the interconnected nature of the crypto market and the role Chainlink plays. 

 

Another notable analyst, Kevin Svenson further supports this viewpoint, suggesting that Chainlink's early activity often signals broader market uptrends.

 

LINK crypto price trading chart
LINK trading graph | CoinMarketCap

 

Chainlink is currently a bullish cryptocurrency with a trading price of $18.61, showing a significant increase of 36% since the beginning of this year.

Solana Remarkable Climb: A Testament to Bullish Sentiment

Solana, often regarded as a pioneer in blockchain technology, has witnessed a remarkable climb in its valuation.

 

With a current trading price of $98.46, Solana has surged over 24% from its January low, underlining the strong bullish sentiment surrounding the cryptocurrency. 

 

Furthermore, the market's confidence in Solana's innovative approach to scalability and speed is a testament to its potential to lead the altcoin market into a new bull cycle.

The Broader Implications for Altcoins

As Solana and Chainlink pave the way for a potential altcoin bull run, the broader implications for the altcoin market become increasingly significant.

 

Investors are closely monitoring these developments, anticipating a period of heightened activity and potential gains in the altcoin space.

 

The altcoin bull run gains momentum not just from the individual successes of Solana and Chainlink but also from the crypto market's interconnected nature.

 

The ripple effect from these leading altcoins suggests that the enthusiasm and optimism surrounding the altcoin market are not misplaced.

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