Tag Archives: Chainlink (LINK) Price

LINK, the native cryptocurrency of the Ethereum-based decentralized blockchain oracle network Chainlink, has witnessed a price breakout fueled by strong on-chain activity and increasing investor confidence. An analysis by blockchain intelligence platform Santiment revealed that technical indicators for LINK suggest there is a potential for continued price gains and that the asset’s long-term outlook remains positive. Positive Sentiment Around Chainlink According to Santiment,...

The broader market exhibited signs of recovery following intense sell pressure fueled by the German government’s decision to dump its entire reserves, and prominent altcoins, including Chainlink (LINK), recorded notable surges. Further fueling this bullish narrative are several unknown entities, likely a whale or an institutional investor, who have continued to add LINK tokens to their stash. LINK Accumulation The latest data shared by Lookonchain suggests that 93 newly...

TL;DR While the broader crypto market corrected, Chainlink (LINK) rose to nearly $19, marking a 6% daily increase. Analysts forecast further gains for the asset, supported by rising whale activity and key partnerships. Metrics show large transaction volume and a shift from exchanges to self-custody, indicating reduced selling pressure. All Eyes on LINK The cryptocurrency market experienced a correction in the past several hours, with numerous leading digital assets retracing...

TL;DR Chainlink’s LINK is poised for a rebound from its current $14 price, indicated by a positive TD Sequential buy signal. Prominent analysts forecast significant returns for the asset, supported by favorable on-chain metrics suggesting a bullish move. LINK Price Predictions Chainlink’s native cryptocurrency – LINK – is yet another digital asset that suffered the negative consequences of the latest market correction. Its price is down nearly 8% in a week, currently...

On April 11, Chainlink announced Transporter, which it described as “the next evolution in cross-chain bridging.” The app is powered by Chainlink’s Cross Chain Interoperability Protocol (CCIP), which allows smart contracts to securely access data from external systems and enable trustless data connectivity between blockchains. “Having a secure way to move both value and data across chains is something the blockchain industry has needed for years,” commented Chainlink...

Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. This came as crypto whales accumulated over $50 million worth of tokens within the past several days. Separately, data from Glassnode charts indicates that approximately $75 million worth of LINK has flowed onto cryptocurrency trading platforms since February 1st, resulting in a surge in its exchange balance to approximately 120 million...

Chainlink’s native token – LINK – experienced a noteworthy recovery after a significant downturn, briefly dipping below the crucial $13 support level earlier this month. This decline was attributed to widespread speculation surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). The latest data suggest that LINK is enjoying “mild decoupling” from the altcoin pack as its ratio on crypto exchanges hit a 4-year low....

Chainlink has announced that its price feeds are now live on the zero-knowledge (ZK) scaling solution, Polygon zkEVM. The latest development essentially aims to allow developers to build advanced DeFi applications. Chainlink Data Feeds’s functionality allows DeFi developers to tap external price data to develop and launch highly effective liquidity protocols and advanced decentralized exchanges, among other things. Polygon zkEVM Welcomes Chainlink Price Feeds According to the...

Chainlink (LINK) has experienced a nearly 30% increase in value over the past month, driven by a growing bullish sentiment. The surge in price is backed by on-chain metrics indicating heightened network activity, which coincided with the Chainlink Staking v0.2 going live. The upgrade featured an expanded pool size of 45 million. Chainlink’s On-Chain Metrics Spark Optimism On November 28th, LINK experienced its largest spike in whale transactions for the year. Citing data from...

Grayscale’s Chainlink Trust – GLNK – has surged to a premium of 200% when compared to the current LINK market prices. GLNK has seen a remarkable surge of almost 100% in the last week, concluding at $39 on Monday, up from its level of $21 on October 31. It is also important to note that LINK’s price has more than doubled over the last three weeks amidst the broader cryptocurrency market recovery. Institutional Demand Pushes GLNK to 200% Premium According to CoinMarketCap, the...