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Hidden Cryptocurrency Shows Identical Pattern that Predicted a 3,797% Surge for Chainlink, Claims Expert

A trader of cryptocurrencies suggests that a lesser-known altcoin, resembling Chainlink's (LINK) performance, is poised for a remarkable surge during the 2020 bull market.

In a recent social media post, popular crypto analyst and trader Inmortal hints at Mantle's (MNT) potential paralleling Chainlink's (LINK) remarkable 2020 bull market rally. MNT, the native asset of layer-2 scaling solution Mantle, could surge to an astounding $6 by next year, as per Inmortal's analysis.

Currently trading at $0.66, MNT seems to mirror Chainlink's consolidation pattern prior to its explosive rally from a low of $1.36 to a high of $53. Inmortal shared a chart that indicates his conviction for Mantle, despite scepticism regarding the ongoing bull market.

Bitcoin's Response at Crucial Price Point Significant

In the same post, Inmortal also addressed Bitcoin's (BTC) potential future movement. According to him, the cryptocurrency will reveal whether it is nearing new lows in this cycle by reacting at the $95,000 pricepoint.

Should BTC fail to take this level as support, it suggests a "last exit before new lows," while holding the support level might indicate a "local bottom" for Bitcoin. Presently, BTC is trading at approximately $87,355.

Mantle's Strengths and Challenges

The Mantle ecosystem is fueled by its modular architecture, enabling ethereum gas fees reduction by roughly 90%. With a market cap of $2.5B, Mantle ranks 50th, and institutions have invested in it through tokenized funds, such as MI4 ($400M), that target compliant on-chain exposure.

However, Mantle must overcome hurdles related to adoption by attracting more developers and securing sustained market liquidity. The implementation of Mantle's EVM-compatible L2 and widespread DeFi adoption will be crucial factors in achieving LINK-like returns for MNT.

Inmortal's predictions suggest an enticing opportunity for investors, though Chainlink-level returns remain speculative due to market factors such as ethereum's L2 competition and broader crypto liquidity.

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  1. In his recent social media post, analyst [Inmortal] crypto suggested that the potential parallels between Mantle (MNT) and Chainlink (LINK) could lead to MNT's price reaching an astounding $6 by next year.
  2. Although Mantle's native asset, MNT, is currently trading at $0.66, it appears to mirror Chainlink's consolidation pattern before its explosive rally from a low of $1.36 to a high of $53.
  3. In the same post, Inmortal also discussed Bitcoin's (BTC) future movement, stating that its reaction at the $95,000 price point will indicate whether it is nearing new lows or potentially reaching a "local bottom".
  4. Mantle, with a market cap of $2.5B, ranks 50th, and institutions have invested in it through tokenized funds such as MI4 ($400M). However, for Mantle to achieve LINK-like returns, it must overcome challenges related to adoption by attracting more developers and securing sustained market liquidity. Furthermore, the implementation of Mantle's EVM-compatible L2 and widespread DeFi adoption will be crucial factors.
A cryptocurrency trader indicates that a lesser-known altcoin could replicate Chainlink's (LINK) impressive surge during the 2020 bull market, according to the trader's observations.
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Mid-tier cryptocurrency, underrated in the market, could potentially mirror Chainlink's (LINK) extraordinary climb during the 2020 digital currency bullish trend, as per a cryptocurrency trader's prediction.
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A trader specializing in cryptocurrency suggests a lesser-known altcoin, reminiscent of Chainlink (LINK), is poised to replicate its substantial surge during the 2020 bullish market trend.
A trader specialized in cryptocurrencies predicts a less-known altcoin could mimic Chainlink's (LINK) remarkable surge experienced during the 2020 bull market.
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