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The Arthur Hayes-linked crypto fund predicts a Chainlink rival could explode as much as 230 percent from current levels. According to an analyst who caught the 2022 Bitcoin crash, a leading altcoin Ethereum competitor has the potential to rise as much as 170 percent. Popular crypto analyst Ali Martinez is bullish on a Layer-2 token.

Maelstrom Fund, an early-stage crypto investment fund run by Arthur Hayes family office, says Flare (FLR), a relatively new blockchain and Chainlink (LINK) competitor, is currently probably undervalued. Chainlinks early mover advantage has given it a huge head start with numerous projects already integrated with its services. However, as Flare gains traction, it has the potential to quickly catch Chainlink, the fund said.

To further illustrate Flares potential, Maelstrom Fund says FLRs fully diluted valuation is currently about 23% of Chainlinks, but the startup has less than 10% of the project integrations that Ethereum (ETH)-based Chainlink already has. The fund points out how it differs from other oracle providers, including Solana-based Pyth Network. In this regard, it says that unlike them, Flare can also build its own local ecosystem. According to Maelstrom Fund, if Flare reaches 50% of Chainlinks valuation, the FLR token could increase by about 2.2 times. The fund also predicts that if Flare reaches 75% of Chainlinks valuation, FLR would increase by 3.3 times.

Crypto Capo, a widely-followed cryptocurrency analyst who accurately predicts that Bitcoin (BTC) will fall below $30,000 in 2022, says that if leading altcoin Ethereum rival Polkadot (DOT) manages to stay above a key support level of $6, it could jump as much as 172% from its current levels. In this context, the analyst makes the following statement:

DOT: After being rejected at resistance, it is now back at major support. If this support holds, we should see a move up to the same resistance ($10 to $11). If this level is broken, it could reach $15 to $17.

Popular crypto analyst Ali Martinez is bullish on Ethereum Layer-2 solution Arbitrum (ARB). The analyst says that ARBs TomDeMark (TD) Sequential Indicator gave a buy signal on the tokens weekly chart. The analyst predicts a rebound for ARB between one and four candlesticks.

The opinions and forecasts in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.

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Originally posted here:
Three Masters Identify 3 Explosive Altcoins: They Can Reach These Targets! - Kriptokoin.com