The Chainlink Price
The price of Chainlink has increased by 13% over the past week and is currently trading at $14.66 as of 5:30 a.m. EST. The cryptocurrency is currently retesting a support level as it aims to break above the $16.5 resistance level.
Retest is in progress. Can it hold? #LINK #Crypto #Chainlink https://t.co/dfqgzi14zH pic.twitter.com/olt0wCYeT7
— Rekt Capital (@rektcapital) November 13, 2023
Chainlink Price Analysis
The 2-hour LINK/USD charts indicate that the MACD is moving towards the green zone, suggesting a decrease in bearishness for Chainlink. The MACD indicator is also showing bullish action on the Chainlink price.
On the 30-minute LINK/USD charts, the 5-period moving average has surpassed the 15-period moving average to form a golden cross, indicating buying pressure on Chainlink. Additionally, high volatility levels are being observed, with a surge in trading volume by 10% in the last 24 hours.
However, the number of active addresses on Chainlink has decreased by 4% in the last seven days, signaling reduced enthusiasm for the token.
Bitcoin ETF Token Presale Surpasses $500,000 In Funding
The newly launched Bitcoin ETF Token has raised over $500,000 in funding as FOMO sentiment grows. Stage 2 of the presale will conclude in just under two days, and Stage 3 will see the token’s value rise from $0.0052 to $0.0054.
Are you bullish on the future of #Crypto ETFs? #BitcoinETF has also now raised over $500K!🪙 https://t.co/HaKz0g6BLw pic.twitter.com/HaKz0g6BLw
— BTCETF_Token (@BTCETF_Token) November 13, 2023
BTCETF Tokens and Opportunities
The Bitcoin ETF Token features a burn mechanism that reduces the token supply and supports its price. Transactions involving Bitcoin ETF Tokens will burn 5% of the tokens, potentially burning up to 25% of the token supply upon its launch.
Additionally, performance triggers for BTCETF tokens are in place to decrease transaction taxes when trades reach $100 million or upon approval of the first spot Bitcoin ETF.
Hot Take: Seizing Opportunities with BTCETF Tokens
As you watch out for developments in both Chainlink and Bitcoin ETF Tokens, remember that participating in the presale of BTCETF Tokens positions your cryptocurrency portfolio for potential gains as news unfolds. Spot ETFs may unlock billion-dollar opportunities in mainstreaming digital assets.
- Inspired by BlackRock’s Ethereum ETF Plans, Bitcoin ETF Token Investors Rush To Seize Final Opportunity At Bargain $0.005 Price Point
- How To Buy Bitcoin ETF Token – BTCETF Presale Review
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.