A prominent cryptocurrency analyst is drawing parallels between Chainlink (CRYPTO: LINK) and major cloud computing platforms, suggesting the blockchain oracle network could become this cycle’s most significant large-cap cryptocurrency opportunity.
Technical Breakout Signals Bullish Momentum
Miles Deutscher, writing on social media platform X on Wednesday, highlighted that LINK has broken above the $20 weekly resistance zone—a level that has served as a significant pivot point for years. The analyst compared this technical milestone to Ethereum‘s (CRYPTO: ETH) $4,000 resistance level, indicating substantial upside potential.
“LINK is in my long-term portfolio as it’s one of the only coins in crypto I’m comfortable holding longer term,” Deutscher stated, noting he initiated a new position following the breakout.
Infrastructure Valuation Framework
The analysis builds on research suggesting cloud computing giants would …