Predicted Chainlink Price Increase Pushes LINK Above Dogecoin, Making it 10th Largest Cryptocurrency with 11% Weekly Gain; Investors Shift Focus to New Meme Coin as Time Ticks Away

Chainlink Price Update

The price of Chainlink is at $20.17, up by 0.55% in the last 24 hours.

After jumping 11% over the last week, LINK has surged 34% in a month, propelling it into the top ten on CoinMarketCap’s crypto tokens list by market capitalization and pushing Dogecoin (DOGE) out of the top 10.

Chainlink Price Surge Attributed to Large Holder Transactions

Some analysts attribute the surge to a large transaction from a LINK holder. Over the past week, whale transactions of over $100,000 totaled more than $1.29 billion, showing stronger holding sentiment among LINK traders, as indicated by exchange outflows exceeding inflows.

Anticipating Gains for Chainlink

Analysts forecast further gains for Chainlink, suggesting an upward trajectory based on the altcoin’s recent performance.

Chainlink Price Prognosis

Chainlink is trading with a bullish bias and could break resistance at $21.00 to reach $25.00. However, a potential drop could test support levels at $16.86 and $13.08.

Promising Alternative To Chainlink

Consider Sponge V2 as a promising alternative in the meme coin sector, offering rewards and exponential gains.

Sponge V2 Development

Sponge V2 has migrated to the SPONGE V2 Polygon version and offers staking rewards for holders. The transition involves staking V1 tokens and entails a unique distribution mechanism.