How is Chainlink Performing in the Crypto Market?
Chainlink’s price has surged over 3.5% in the last 24 hours, crossing the $6 mark. Analysts like Ben Armstrong on Twitter have expressed positive sentiments about LINK, making it an attractive crypto for investors in the next bull market.
Key Points:
- The current live price of LINK is $6.07, with a 24-hour trading volume of $226 million.
- Chainlink is ranked #19 on Coinmarketcap with a market cap of $3.27 billion.
- The coin has a total supply of 1 billion LINK, with a circulation of 538 million.
- Chainlink is a decentralized oracle network that enables communication between blockchains and external data feeds.
- LINK’s initial coin offering (ICO) had a starting price of $0.11 and reached a peak of $52.88 in May 2021.
Decoding the Thrust of Chainlink’s Price Analysis:
After declining from its high of $7.7, LINK has made a comeback and is currently trading above $6.00. Buyers are showing a strong market attitude, reflected in the rising trade volume. However, there is still resistance at the $6.30 level, and the market perception of LINK remains pessimistic.
Chainlink Price Bullish Prediction on Twitter:
Analyst Ben Armstrong and trader Michael van de Poppe have made positive predictions about LINK. Armstrong called LINK one of the best cryptocurrencies to accumulate, while van de Poppe noted significant resistance just above the $8 mark.
Hot Take:
Chainlink’s recent price surge and positive sentiments from analysts make it an attractive crypto to consider for investors in the next bull market. However, it still faces resistance and market perception remains pessimistic. As always, it’s important to do thorough research before making any investment decisions.
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