Chainlink Price Forecast: LINK Expected to Surge to $7 amid Expanding Oracle Adoption

Chainlink Price Forecast: LINK Expected to Surge to $7 amid Expanding Oracle Adoption

Chainlink Adoption Drives Probable $7 Price Prediction

The adoption of Chainlink (LINK) as a blockchain oracle is rapidly increasing across numerous sectors. By securely linking smart contracts to real-world data through these oracles, Chainlink’s value is being recognized by more projects and enterprises. This growing adoption is fueling the  capacity for LINK to reach the $7 price prediction.

As of now, LINK is priced at $6.14, with a volume of daily trading of 155.36 Million coins. Trading has seen a 16% increase, pushing the price of LINK up by around 1%. The total value of all LINK coins has likewise increased by about 1%.

Although while LINK’s price has shown a 1% increase in the last week, it has likewise experienced a fall of more than 14% in the the previous  30 days. This presents a chance for investors and traders to consider buying LINK at a lower price, with hopes of profiting when the price rises along with the rest of the market.

Chainlink LINK Statistics:

  • LINK’s Price – $6.14
  • LINK Market cap – $3.30 Billion
  • LINK Circulating supply – 538,099,970 LINK
  • LINK Total supply – 1,000,000,000 LINK
  • CoinMarketCap ranking – 21
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Unlocking Chainlink’s Patterns and Key Areas

Examining the daily chart of LINK outlines important insights. The price of LINK may encounter resistance at $6.398, but if it surpasses this level, it might potentially rise further. If the price remains around $6.40, there is an opportunity it could  accomplish $7.

Key points to focus on the chart include probable resistance at $6.398 and $6.754, as well as support around $5.908 and $5.719.

If the price remains low for the next 30 to 50 days, it may fall further, potentially reaching $5.908 or even lower. As of now, the Relative Strength Index (RSI) indicates a low price strength at around 35. If the RSI continues  to decline, the price of LINK may fall further.

Nonetheless, in the long term, if the LINK price remains over the 30 and 50-day moving averages and the RSI rises over 50, there is a likelihood of breaking through the $6.398 level and reaching $6.754. To mitigate dangers and minimize losses, utilizing stop-loss orders is recommended.

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Promising Alternative: Bitcoin (BTC) BSC

A new cryptocurrency project was known Bitcoin (BTC) BSC (BTCBSC) presents an enticing opportunity for early investors. It offers substantial staking bonus and an innovative presale approach.

Bitcoin (BTC) BSC is inspired by the Bitcoin (BTC) ecological system of April 2011, when Bitcoin (BTC) was valued at $1 and only 6 Million coins were available.

This project allows investors to acquire Bitcoin (BTC) at a price reminiscent of over a decade ago and introduces whole lot of enhancements to the Bitcoin (BTC) concept.

Bitcoin (BTC) BSC: Speedy and Profitable Staking

Bitcoin (BTC) BSC operates on the Binance Smart Chain, enabling token holders to stake their tokens and earn passive income.

In contrast to  regular Bitcoin, which is primarily viewed as a digital investment, Bitcoin (BTC) BSC offers practicality. It utilizes a quicker and more efficient method was known proof-of-stake, eliminating the complex and pricey transaction processing associated with Bitcoin. In addition, being a BEP-20 token, it avoids high charges commonly seen with Ethereum-based tokens.

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With proof-of-stake, Bitcoin (BTC) BSC token holders can stake their tokens and earn rewards.

The staking pool on the website as of now offers a reward of 0.25 BTCBSC per block. Although while the present annual return percentage could be high, it is expected to decrease as more participants join. Nonetheless, it still surpasses the average returns offered by most staking pools, typically ranging between 5% and 10%.

BTCBSC Presale Off to a Strong Start

The presale for Bitcoin (BTC) BSC started on September fifth and has already gained attention on the Web 3.0 platform, raising $27,000 within 24 hours.

Similar to Bitcoin’s early days in April 2011, Bitcoin (BTC) BSC has 6.15 Million tokens available, with the remaining tokens to be released gradually.

In the presale, 4 Million tokens are priced at $0.99 each. If the presale performs well and sells out quickly, an extra 2.125 Million tokens from the reserve can increase the total to $6.125 million.

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29% of all available tokens are allocated to the presale, while the remaining 69% will be gradually unlocked over 120 years for staking. BTCBSC has likewise set aside 420,000 tokens (2%) for decentralized exchange use.

For more details, refer to the project’s whitepaper or join the Telegram group. Tokens can be purchased on the Bitcoin (BTC) BSC website using BNB, USDT, or ETH.

Hot Take

Chainlink’s growing adoption as a blockchain oracle and Bitcoin (BTC) BSC’s promising staking-to-earn initiative highlight the  capacity and innovation within the cryptocurrency space. Both projects offer unique opportunities for investors and traders to join the evolving cryptocurrency market. Nonetheless, as with any investment, it is essential to conduct thorough research and exercise caution to minimize dangers and maximize probable gains.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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