{"id":556771,"date":"2023-10-24T16:00:16","date_gmt":"2023-10-24T16:00:16","guid":{"rendered":"https:\/\/wncen.com\/?p=556771"},"modified":"2023-10-24T09:54:10","modified_gmt":"2023-10-24T09:54:10","slug":"chainlink-link-surge-rise-to-15","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlink-link-surge-rise-to-15\/","title":{"rendered":"Chainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15"},"content":{"rendered":"

Chainlink (LINK)<\/span><\/a> is one of the altcoins that have enjoyed a massive resurgence in recent days alongside the flagship cryptocurrency, <\/span>Bitcoin<\/span><\/a>. The token rose to <\/span>as high as $10<\/span><\/a> on October 23 and seems to have established support at that level. Following this, some <\/span>crypto analysts<\/span><\/a> have gone on to analyze whether or not it can sustain this momentum.\u00a0\u00a0\u00a0<\/span><\/p>\n

Can The Chainlink Rally Be Sustained?<\/h2>\n

In a <\/span>post<\/span><\/a> shared on his X (formerly Twitter) platform, crypto analyst Felix drew up an analysis of LINK\u2019s price movement on the charts, noting that the token could see \u201cfurther price movement, especially if it claims above the critical 500+ day resistance at >$9.6.\u201d<\/span><\/p>\n

Related Reading: Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market<\/a><\/div>\n

\"Chainlink<\/p>\n

\r\nSource: X<\/pre>\n
He also seemed to suggest that a <\/span>period of whale accumulation<\/span><\/a> may have led to this price surge as over $9.92 million worth of LINK tokens were sent out of exchanges to wallets when it was still trading at around $7.26. LINK <\/span>has risen by over 33%<\/span><\/a> since then.\u00a0<\/span><\/p>\n
\"Chainlink<\/p>\n
Source: IntoTheBlock\r\n\r\n<\/pre>\n
Felix highlighted the fact that the Chainlink ecosystem was displaying impressive on-chain strength at the moment, which ultimately leads one to question whether or not the <\/span>rally can be sustained<\/span><\/a>.<\/span><\/p>\n
LINK’s Figures Are On The Rise<\/h2>\n
As Felix pointed out, LINK\u2019s price seems to be experiencing <\/span>an \u2018up-only\u2019 trend currently<\/span><\/a>, and all other metrics are not left behind as the ecosystem is also seeing an increase in the number of active and new addresses. According to <\/span>data<\/span><\/a> from IntoTheBlock, the number of active addresses on the Chainlink network is steadily rising alongside the price increase.<\/span><\/p>\n
In the last 7 days, the network has seen an increase of over 112% in the number of active addresses on the network. Meanwhile, there has also been an increase of over 190% in the number of new addresses on the network.\u00a0<\/span><\/p>\n
Related Reading: Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\u2019s When<\/a><\/div>\n
As expected, the number of transactions on the network has also risen during this period, with Chainlink recording a 7-day high of over 12,000 transactions on October 23. Consequently, the trading volume is up over 7% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
There is also reason to believe that this momentum might be far from over, as <\/span>fundamentals seem to be contributing<\/span><\/a> to the bullish sentiment. If so, there is more good news ahead for the Bulls and Chainlink community as the <\/span>Chainlink Staking<\/span><\/a> v0.2 is set to launch before the year runs out. Many believe that LINK maximalists are going to continue to accumulate ahead of the launch.\u00a0\u00a0<\/span><\/p>\n
In reaction to an <\/span>X post<\/span><\/a> about an impending launch of the Staking v0.2, one crypto analyst <\/span>boldly asserted<\/span><\/a> that LINK could rise to as high as $15 later this year.\u00a0<\/span><\/p>\n
\"Chainlink<\/p>\n
LINK price continues recovery | Source: LINKUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) is one of the altcoins that have enjoyed a massive resurgence in recent days alongside the flagship cryptocurrency, Bitcoin. The token rose to as high as $10 on October 23 and seems to have established support at that level. Following this, some crypto analysts have gone on to analyze whether or not it can sustain this momentum.\u00a0\u00a0\u00a0 Can The Chainlink Rally Be Sustained? In a post shared on his X (formerly Twitter) platform, crypto analyst Felix drew up an analysis of LINK\u2019s price movement on the charts, noting that the token could see \u201cfurther price movement, especially if it claims above the critical 500+ day resistance at >$9.6.\u201d Related Reading: Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market Source: X He also seemed to suggest that a period of whale accumulation may have led to this price surge as over $9.92 million worth of LINK tokens were sent out of exchanges to wallets when it was still trading at around $7.26. LINK has risen by over 33% since then.\u00a0 Source: IntoTheBlock Felix highlighted the fact that the Chainlink ecosystem was displaying impressive on-chain strength at the moment, which ultimately leads one to question whether or not the rally can be sustained. LINK’s Figures Are On The Rise As Felix pointed out, LINK\u2019s price seems to be experiencing an \u2018up-only\u2019 trend currently, and all other metrics are not left behind as the ecosystem is also seeing an increase in the number of active and new addresses. According to data from IntoTheBlock, the number of active addresses on the Chainlink network is steadily rising alongside the price increase. In the last 7 days, the network has seen an increase of over 112% in the number of active addresses on the network. Meanwhile, there has also been an increase of over 190% in the number of new addresses on the network.\u00a0 Related Reading: Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here\u2019s When As expected, the number of transactions on the network has also risen during this period, with Chainlink recording a 7-day high of over 12,000 transactions on October 23. Consequently, the trading volume is up over 7% in the last 24 hours, according to data from CoinMarketCap.\u00a0 There is also reason to believe that this momentum might be far from over, as fundamentals seem to be contributing to the bullish sentiment. If so, there is more good news ahead for the Bulls and Chainlink community as the Chainlink Staking v0.2 is set to launch before the year runs out. Many believe that LINK maximalists are going to continue to accumulate ahead of the launch.\u00a0\u00a0 In reaction to an X post about an impending launch of the Staking v0.2, one crypto analyst boldly asserted that LINK could rise to as high as $15 later this year.\u00a0 LINK price continues recovery | Source: LINKUSDT on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":556782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,89531,16097,89530,89709,82825,75940,79480],"class_list":["post-556771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-news","tag-link","tag-link-news","tag-link-performance","tag-link-price","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\nChainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) is one of the altcoins that have enjoyed a massive resurgence in recent days alongside the flagship cryptocurrency, Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15","url":"http:\/\/wncen.com\/news\/chainlink\/chainlink-link-surge-rise-to-15\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink\/chainlink-link-surge-rise-to-15\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Chainlink-LINK.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Chainlink-LINK.jpeg?fit=900%2C500"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","chainlink news","link","link news","link performance","link price","linkusd","linkusdt"],"dateCreated":"2023-10-24T16:00:16Z","datePublished":"2023-10-24T16:00:16Z","dateModified":"2023-10-24T16:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/chainlink-link-surge-rise-to-15\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/chainlink-link-surge-rise-to-15\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Chainlink-LINK.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Chainlink-LINK.jpeg?fit=900%2C500\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"chainlink news\",\"link\",\"link news\",\"link performance\",\"link price\",\"linkusd\",\"linkusdt\"],\"dateCreated\":\"2023-10-24T16:00:16Z\",\"datePublished\":\"2023-10-24T16:00:16Z\",\"dateModified\":\"2023-10-24T16:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Chainlink-LINK.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=556771"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/556782"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}