Renowned anonymous cryptocurrency analyst Inmortal recently captured the attention of investors by forecasting the price movements of several altcoins within the decentralized finance (DeFi) sector. Utilizing social media, Inmortal shared his analysis on the projected growth of specific altcoins, focusing on Jupiter (JUP), Chainlink (LINK), and Constellation (DAG).
Jupiter and Chainlink Gain Optimistic Projections
JUP, the token of Jupiter, a Solana-based decentralized exchange aggregator, was highlighted for its promising future. Inmortal suggested that JUP’s price could surge to a historic peak of $2.30, marking a significant increase from its current trading price. The analyst’s confidence in JUP is illustrated through a chart showcasing a positive price trajectory.
Inmortal also cast a positive light on LINK, the cryptocurrency of Chainlink, a decentralized oracle network. He predicted that LINK could experience further appreciation in value after retesting its 200-day moving average and expected it to stabilize in the price range of $17 to $21 following its consolidation period.
Constellation Poised for a Major Upswing
Turning to Constellation’s DAG, which operates on a Directed Acyclic Graph structure, Inmortal identified the crypto platform as a strong candidate for growth. He pointed to DAG’s potential for an upward trajectory after completing a lengthy phase of accumulation.
According to the analyst’s charts, DAG, with a current valuation of $0.076, is set to climb to milestone prices of $0.10, $0.20, and eventually $0.46. Despite Inmortal’s optimistic outlook, potential investors are advised to exercise caution and conduct thorough research before committing to any investments in the volatile cryptocurrency market.