Chainlink's (LINK) community is optimistic due to Alan Santana's forecast that the token could see a considerable increase in the coming months. Santana believes that despite some negative signs, LINK will reach a new all-time high during the next bull market, potentially exceeding $135 by 2025.
Santana attributes his optimism to LINK's acquisition period before the 2021 bull market, suggesting that 2023 is a 'recovery year' with decent price gains but not a full bull market. LINK is currently trading at $10.60, having dropped 15.4% in the past week.
Despite current bearish indicators, Santana advocates for a 'buy and hold' strategy, emphasizing patience and long-term investment. He believes that this approach will filter out short-term investors, setting the stage for significant growth once the bull market starts.
Additionally, the crypto prediction platform CoinCheckup forecasts an 89% growth for LINK over the next six months and an 87.57% increase over the next year, driven by rising demand and positive developments in the Chainlink ecosystem. However, near-term volatility may occur due to market fluctuations or investor profit-taking.
