Chainlink (LINK) is one of the most widely used Ethereum (ETH)-based blockchain oracles and is currently trading at $6.42. Michaël van de Poppe, a prominent crypto analyst suggests that Chainlink is still a "great opportunity" for prospective traders. The token is used to pay for Chainlink's oracle service and keeps smart contracts connected across multiple industries and supply chains.

Turning to the overall altcoin market, Van de Poppe believes that now is a good time to make long trades. By measuring the strength of altcoins against Bitcoin (BTC), traders may make smart entry points into the market. As for BTC itself, Van de Poppe points out that the currency is at its range lows, having decreased 3.3% in the last 24 hours and 10% in the last week. However, he still remains hopeful that the king of crypto will recapture higher levels, provided it reclaims the $26,500-26,800 level.

From the current price of $26,328, it is not immediately clear whether Bitcoin will make it back to its prior highs. If BTC can recoup the aforementioned level, it could provide the perfect opportunity to make long plays. In the meantime, altcoins like Chainlink appear to remain a great opportunity for traders. The versatility of Chainlink's oracle services make it a consistent crypto mainstay, adding to its investment potential. Ultimately, traders must decide for themselves how to utilize the market opportunities provided by both Bitcoin and altcoins.



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