A crypto analyst is predicting big things for Mantle (MNT), a layer-2 scaling solution. They believe MNT’s current price action resembles Chainlink’s (LINK) pre-explosion phase in 2019-2020, when LINK surged by a staggering 3,797%.
Mantle’s Potential
The analyst, known as Inmortal, shared their bullish outlook on X (formerly Twitter), pointing out similarities between MNT’s chart and LINK’s chart before its massive run. Inmortal suggests MNT could reach $6 by next year, a significant increase from its current price of $0.66. They stated, “MNT gives me early LINK vibes. Many people think the bull market is over, but there are coins like Mantle that haven’t even started it yet.”
Bitcoin’s Crucial Price Point
Inmortal also weighed in on Bitcoin (BTC), suggesting its price action around $95,000 will be critical. They believe BTC’s performance at this level will determine whether it hits new lows for this cycle or has already bottomed out. The analyst presented a chart comparing the current situation to BTC’s 2022 price action, where a brief surge above $45,000 was followed by a drop to $16,000. Inmortal highlighted that if BTC successfully holds above $95,000, the bearish outlook would be invalidated. At the time of writing, BTC is trading at $87,355.
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