TL;DR:
- The altcoin market expects older assets to revisit previous peak levels
- Litecoin (LTC) eyes $200 as a potential target, driven by high transaction activity
- Chainlink (LINK) yet to break all-time high, expects move toward $50
- Clandeno (CLD) opens fair token distribution to reach a maximum pool of investors Altcoin Await Return to Previous Highs
A handful of altcoins are looking for a chance at a rebound. Litecoin (LTC) is seen as a bargain under $100, while Chainlink (LINK) boasts its leading status as oracle provider to gain a higher valuation. In the case of a bull market, some predictions see Litecoin (LTC) easily regain $200. Chainlink (LINK) may be overdue for a hike to $50. The Clandeno (CLD) ICO campaign open now uses the renewed bullish moods of the market to set up its launch and reach a wide pool of enthusiastic investors.
Litecoin (LTC) Rebounds from Lows, Eyes Three-Digit Prices
Litecoin (LTC) traded at $69.48, after recovering from lows near $63. The asset has been in a descending pattern for years, ranging between predictions of a continued drop, or a rally to rival other blue chip coins. Litecoin (LTC) may attempt a recovery, with $200 seen as a potential target in the case of a bull cycle.
Litecoin (LTC) is one of the assets with the most active turnover of coins. On busy days, more than 52M coins change hands. Litecoin (LTC) is supported by a mix of older whales and long-term holders, as well as everyday users. Litecoin (LTC) is influential in online shopping and crypto payments, as well as transfers of funds between exchanges due to low fees and relative price stability.
Chainlink (LINK) Potentially Targets $50
Chainlink (LINK) secures protocols with more than $22B in nominal value, and is one of the most widespread oracles in crypto. At the same time, Chainlink (LINK) is still stagnant, trading at $12.37, despite expectations of breaking the $30 barrier in the summer.
Chainlink (LINK) has behaved as a utility token for years. Despite staking, Chainlink (LINK) is still pressured into its lower price range. Chainlink (LINK) has peaked close to $50, though expecting a much higher valuation. Negative pressure on Chainlink (LINK) may come from the still locked supply. Only 56% of Chainlink (LINK) is in circulation, expecting more tokens to enter the market in coming years.
Clandeno (CLD) ICO Opens with Fair Distribution
Clandeno (CLD) aims for a more fair distribution, which will not hamper its upside after the ICO. The Clandeno (CLD) platform has set aside the larger part of its supply for the presale events. Clandeno (CLD) will distribute 365M tokens, out of a total supply of 525M, with a relatively small team allocation.
Clandeno (CLD) is building an open platform for crypto-powered e-commerce. The Clandeno (CLD) revenue model will hinge on commissions, fees, as well as subscription for premium access to features.
To find out more about the Clandeno presale, visit their website here.
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