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Analyst predicts massive gains for Solana based DeFi altcoin
Analyst Inmortal predicts massive gains for a new decentralized finance altcoin. The article contains information about the price performance of Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP) and the analyst's expectations for the cryptocurrencies Chainlink (LINK) and Constellation (DAG). Learn about potential investment opportunities and current price movements.
Analyst predicts massive gains for Solana based DeFi altcoin
A press release informs the prediction of a well-known analyst who believes that the governance token of the decentralized exchange aggregator Jupiter (JUP) based on Solana (SOL) will record massive gains. Analyst Inmortal predicts a parabolic rise for the token to a new all-time high of $2.30, an increase of over 207% from its current price. Inmortal shares chart analysis that supports its forecast. At the time of writing, JUP is trading at $0.747. The analyst is also monitoring the decentralized oracle network platform Chainlink (LINK) and expects a period of consolidation followed by further increases. At the time of writing, LINK is valued at $20.01. Inmortal also has cryptocurrency Constellation (DAG) on its radar and expects an uptrend after a long period of accumulation. At the time of writing, DAG is trading at $0.076.
Possible impact and context
Inmortal’s bullish forecast for Jupiter’s governance token could pique investor interest and lead to an increase in trading volume. Such parabolic rallies are not uncommon in the crypto world, but they can also cause significant volatility. Therefore, investors should be careful and do their own research before investing in the token.
The expectation of a consolidation period for Chainlink suggests that the token could potentially see further upward movement soon. Chainlink is one of the most well-known and widely used decentralized oracle networks and has seen high demand recently. Investors could view this as a golden opportunity to invest in the token.
Inmortal's assessment of the Constellation cryptocurrency is based on a technical analysis of the DAG chart. DAG uses a directed acyclic graph that aims to solve the scalability issues of other blockchain systems. A surge in interest in DAG could indicate that investors are recognizing the technological advantages of this platform and see long-term potential.
Table
| Tokens | forecast | Current course |
|---|---|---|
| Jupiter (JUP) | $2.30 (+207%) | $0,747 |
| Chainlink (LINK) | consolidate, then upward movement | $20.01 |
| Constellation (DAG) | Uptrend after consolidation | $0.076 |
Conclusion
Analyst Inmortal's forecasts for the Jupiter, Chainlink and Constellation cryptocurrencies could pique investor interest and lead to potential price increases. However, it is important to note that forecasts in the crypto world always involve uncertainty and investors should do their own research before making investment decisions. Nevertheless, these forecasts provide insight into the current dynamics of the cryptocurrency market and can serve as a guide.