Top Analysts Predict Next Price Targets for SOL, LINK, and SUSHI

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Anonymous Trader Altcoin Sherpa share The price of smart contract platform Solana will likely continue to rise unless proven otherwise.

The strategist also said he was unsure what to expect given that the FTX exchange held $1.16 billion in SOL as of August 31.

“SOL: I think $35-32 is a buy-on-the-dip area. I don’t know what will happen to the supply of FTX, but the token will continue to perform until something else happens.”

Sol

source:AltcoinSherpa/X

As of this writing, SOL is trading at $42, up 300% since the beginning of 2023 when it was just $9.97.

Speaking of decentralized exchange (DEX) platform SushiSwap, Altcoin Sherpa suggested that accumulating SUSHI at $0.91 seems like a good idea as the 0.5 Fibonacci provides support.

“SUSHI: I think buying at $0.91 looks pretty solid. S/R levels (support and resistance)…”.

Sol

source:AltcoinSherpa/X

At the time of writing, SUSHI is selling for $1.06.

Cryptocurrency Strategist Ends Analysis notes Traders should keep an eye on the price of decentralized oracle provider Chainlink (LINK) at $9.50.

“Link: Please fill in the rest of my bid. $9.50 is zone.”

Sol

source:AltcoinSherpa/X

As of this writing, LINK is trading at $12.22.

LINK price may rise by 10% after CCIP approval at Hong Kong

LINK may get a boost from financial institutions in Hong Kong adopting blockchain. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) technology is being used to exchange value in Hong Kong’s central bank digital currency (CBDC) trial.

The Hong Kong Monetary Authority (HKMA) has begun the first phase of eCBDC testing of the electronic Hong Kong dollar. Financial institution Arta has announced a partnership with blockchain company Chainlink. Arta explains how e-HKD can be used for programmatic and atomic settlement of tokenized funds.

Since CCIP technology is used for cross-chain atomic settlement of company tokenized funds, Chainlink is key to this process. The fund’s tokens serve as security for transactions, and the use of CCIP benefits Chainlink. LINK may be driven by the adoption and use of blockchain technology by financial institutions such as Arta.

Chainlink Labs provides CCIP, PoR, and data sources to support tokenization, cross-chain, and custodial funds in testing. Rapid adoption of CCIP may accelerate LINK price increases.

You can check coin prices here.

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Mingying

According to AZCoin News



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