{"id":433679,"date":"2020-08-06T23:57:04","date_gmt":"2020-08-06T23:57:04","guid":{"rendered":"https:\/\/wncen.com\/?p=433679"},"modified":"2020-08-06T23:57:04","modified_gmt":"2020-08-06T23:57:04","slug":"chainlink-link-surged-past-10-heres-what-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-link-surged-past-10-heres-what-analysts-are-saying\/","title":{"rendered":"Chainlink (LINK) Just Surged Past $10: Here’s What Analysts Are Saying"},"content":{"rendered":"

Chainlink (LINK) has been in a strong uptrend once again after a drop into the end of July. Just minutes ago, the asset crossed over the pivotal $10 resistance level for the first time in its history.<\/p>\n

This comes as Bitcoin and Ethereum have stagnated at their multi-day highs, retracing slightly.<\/p>\n

As of the time of this article’s writing, LINK trades for $10.20. And the asset is up 6.5% in the past 24 hours.<\/p>\n

Related Reading:\u00a0Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH\u2019s DeFi Space Still in Vogue<\/a><\/h6>\n

Chainlink Pops Past $10<\/strong><\/h2>\n

Just minutes ago, LINK passed $10 for the first time in its existence. This latest surge has made the cryptocurrency the ninth largest cryptocurrency in circulation by market cap, touting a network value of $3.54 billion.<\/p>\n

<\/p>\n

Chart of LINK's price action since the start of June from TradingView.com<\/a><\/pre>\n

Analysts seem to be optimistic about the asset moving forward.<\/p>\n

Brave New Coin’s Josh Olszewicz noted that there are critical bullish signals for the cryptocurrency despite the already-impressive rally. Olsewicz noted that the transactions per day of Chainlink, active addresses, Google Trends, and price are all at all-time highs in tandem. He added<\/a> that his moving average multiplier target is $13.37.<\/p>\n

Related Reading:\u00a0Even Though Chainlink (LINK) Spiked to $9, Dave Portnoy Isn\u2019t Buying It<\/a><\/h6>\n

Band Is Also Surging<\/strong><\/h2>\n

Chainlink’s surge comes as Band Protocol (BAND), a competitor to the project, has also been rallying. The cryptocurrency gained 50% in the span of five minutes due to a Coinbase listing.<\/a> Coinbase wrote on August 5th:<\/p>\n

\u201cMon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP order books will enter transfer-only mode, accepting inbound transfers of BAND in supported regions. Orders cannot be placed or filled. Trading will begin on\/after 9AM PT the following day, if liquidity conditions are met.\u201d<\/p><\/blockquote>\n

The market seems to be acknowledging a need for oracles, which both projects provide.<\/p>\n

Related Reading:\u00a0Coinbase Takes DeFi Focus as it Looks to List 19 New Crypto Assets<\/a><\/h6>\n
Featured Image from Shutterstock\r\nPrice tags: xbtusd, btcusd, btcusdt\r\nCharts from TradingView.com\r\nChainlink (LINK) Just Surged Past $10: Here's What Analysts Are Saying<\/pre>\n","protected":false},"excerpt":{"rendered":"

Chainlink (LINK) has been in a strong uptrend once again after a drop into the end of July. Just minutes ago, the asset crossed over the pivotal $10 resistance level for the first time in its history. This comes as Bitcoin and Ethereum have stagnated at their multi-day highs, retracing slightly. As of the time of this article’s writing, LINK trades for $10.20. And the asset is up 6.5% in the past 24 hours. Related Reading:\u00a0Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH\u2019s DeFi Space Still in Vogue Chainlink Pops Past $10 Just minutes ago, LINK passed $10 for the first time in its existence. This latest surge has made the cryptocurrency the ninth largest cryptocurrency in circulation by market cap, touting a network value of $3.54 billion. Chart of LINK’s price action since the start of June from TradingView.com Analysts seem to be optimistic about the asset moving forward. Brave New Coin’s Josh Olszewicz noted that there are critical bullish signals for the cryptocurrency despite the already-impressive rally. Olsewicz noted that the transactions per day of Chainlink, active addresses, Google Trends, and price are all at all-time highs in tandem. He added that his moving average multiplier target is $13.37. Related Reading:\u00a0Even Though Chainlink (LINK) Spiked to $9, Dave Portnoy Isn\u2019t Buying It Band Is Also Surging Chainlink’s surge comes as Band Protocol (BAND), a competitor to the project, has also been rallying. The cryptocurrency gained 50% in the span of five minutes due to a Coinbase listing. Coinbase wrote on August 5th: \u201cMon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP order books will enter transfer-only mode, accepting inbound transfers of BAND in supported regions. Orders cannot be placed or filled. Trading will begin on\/after 9AM PT the following day, if liquidity conditions are met.\u201d The market seems to be acknowledging a need for oracles, which both projects provide. Related Reading:\u00a0Coinbase Takes DeFi Focus as it Looks to List 19 New Crypto Assets Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Chainlink (LINK) Just Surged Past $10: Here’s What Analysts Are Saying<\/p>\n","protected":false},"author":497,"featured_media":433076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,16295,1946,75941,75940],"class_list":["post-433679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-chainlink","tag-ethereum","tag-linkbtc","tag-linkusd"],"acf":[],"yoast_head":"\nChainlink (LINK) Just Surged Past $10: Here's What Analysts Are Saying<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) has been in a strong uptrend once again after a drop into the end of July. 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