{"id":559718,"date":"2023-11-08T14:00:06","date_gmt":"2023-11-08T14:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=559718"},"modified":"2024-06-11T14:30:54","modified_gmt":"2024-06-11T14:30:54","slug":"can-chainlink-reach-20-with-rollup-finance-partnership","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/can-chainlink-reach-20-with-rollup-finance-partnership\/","title":{"rendered":"Can Chainlink Reach $20 With Rollup Finance Partnership?"},"content":{"rendered":"

Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future.<\/span><\/p>\n

Chainlink recently unveiled a strategic collaboration that sent ripples through the cryptocurrency community. The <\/span>announcement<\/span><\/a> stated, “Rollup Finance will make 3.75% of its total native token supply available to Chainlink service providers, including stakers.”\u00a0<\/span><\/p>\n

\n

\ud83c\udfd7\ufe0f #ChainlinkBUILD<\/a> \ud83c\udfd7\ufe0f@Rollup_Finance<\/a> is joining Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support, which helps support the security and use of onchain perpetual trading.<\/p>\n

In return, https:\/\/t.co\/bBJqbqQiF2<\/a> will make\u2026 pic.twitter.com\/7pAkBuffa3<\/a><\/p>\n

\u2014 Chainlink (@chainlink) November 6, 2023<\/a><\/p><\/blockquote>\n

This partnership holds the potential to revolutionize the decentralized exchange (DEX) landscape. Rollup Finance will harness Chainlink’s industry-leading oracle services and benefit from direct technical support, significantly bolstering the security of the DEX and enhancing the overall user experience.<\/span><\/p>\n

Related Reading: Defensive Moves: XRP Bulls Firmly Shield $0.66 Before Ripple Swell 2023<\/a><\/div>\n

Impact On Price: LINK’s Resilient Ascent<\/strong><\/h2>\n

As of the most recent data from <\/span>CoinGecko<\/span><\/a>, Chainlink (LINK) is trading at $13.48, and it’s evident that the recent news has contributed to a price increase. Over the past 24 hours, LINK has witnessed a 3.9% surge in value.<\/span><\/p>\n

Looking at the past seven days, the cryptocurrency has experienced an impressive 22.0% increase in its price. These figures reflect the growing optimism surrounding LINK.<\/span><\/p>\n

\"\"Source: Cryptopurview<\/a><\/pre>\n
Analyzing <\/span>the Relative Strength Index (RSI)<\/span><\/a>, a popular momentum indicator, further supports the notion that LINK’s upward trajectory may continue. The RSI, with readings above 50 and displaying an upward trend, indicates that bulls still maintain the upper hand in the market. <\/span><\/p>\n
Currently, the RSI for LINK is moving upwards and is comfortably positioned above the 50 mark, reinforcing the bullish sentiment. Additionally, the indicator has recently crossed into overbought territory, signaling that LINK’s bullish momentum is robust.<\/span><\/p>\n
LINK demonstrates resilience by maintaining a stronger support level ranging from $10 to $12, as it undergoes a period of consolidation in anticipation of a potential breakthrough from the resistance at $13. This breakthrough may potentially lead to further gains, with a target price of $20.<\/p>\n
Related Reading: Analyzing ADA Solid 25% Gain: Signs Point To Cardano Rally Ahead<\/a><\/div>\n
LINK market cap currently at $7.567 billion on the daily chart: TradingView.com<\/a><\/pre>\n
How Will LINK Reach $20?<\/strong><\/h2>\n
Notably, prominent cryptocurrency trader <\/span>CryptoGodJohn took to X<\/span><\/a> to share his insights on LINK’s recent developments. He pointed out that the cryptocurrency has broken out of its long-term range, positioning it as one of the most appealing altcoins in the current market. <\/span><\/p>\n
This sentiment from a respected trader like CryptoGodJohn adds further weight to the positive outlook for LINK, with many speculating that it may soon reach the $20 mark.<\/span><\/p>\n
\n
$LINK<\/a> just broke out of a 550+ day range and timeline barely talking about it<\/p>\n
One of the best looking altcoin charts in the market right now<\/p>\n
I wouldn\u2019t be surprised to see #Chainlink<\/a> teleport towards $18 soon pic.twitter.com\/WM97HBh9ee<\/a><\/p>\n
\u2014 Johnny (@CryptoGodJohn) November 7, 2023<\/a><\/p><\/blockquote>\n
Chainlink’s recent rally and its strategic partnership with Rollup Finance have set the stage for an exciting journey for the cryptocurrency. Investors, both retail and institutional, are increasingly placing their bets on LINK, drawn by its bright future and the bullish sentiment in the market.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Shutterstock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future. Chainlink recently unveiled a strategic collaboration that sent ripples through the cryptocurrency community. The announcement stated, “Rollup Finance will make 3.75% of its total native token supply available to Chainlink service providers, including stakers.”\u00a0 \ud83c\udfd7\ufe0f #ChainlinkBUILD \ud83c\udfd7\ufe0f@Rollup_Finance is joining Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support, which helps support the security and use of onchain perpetual trading. In return, https:\/\/t.co\/bBJqbqQiF2 will make\u2026 pic.twitter.com\/7pAkBuffa3 \u2014 Chainlink (@chainlink) November 6, 2023 This partnership holds the potential to revolutionize the decentralized exchange (DEX) landscape. Rollup Finance will harness Chainlink’s industry-leading oracle services and benefit from direct technical support, significantly bolstering the security of the DEX and enhancing the overall user experience. Related Reading: Defensive Moves: XRP Bulls Firmly Shield $0.66 Before Ripple Swell 2023 Impact On Price: LINK’s Resilient Ascent As of the most recent data from CoinGecko, Chainlink (LINK) is trading at $13.48, and it’s evident that the recent news has contributed to a price increase. Over the past 24 hours, LINK has witnessed a 3.9% surge in value. Looking at the past seven days, the cryptocurrency has experienced an impressive 22.0% increase in its price. These figures reflect the growing optimism surrounding LINK. Source: Cryptopurview Analyzing the Relative Strength Index (RSI), a popular momentum indicator, further supports the notion that LINK’s upward trajectory may continue. The RSI, with readings above 50 and displaying an upward trend, indicates that bulls still maintain the upper hand in the market. Currently, the RSI for LINK is moving upwards and is comfortably positioned above the 50 mark, reinforcing the bullish sentiment. Additionally, the indicator has recently crossed into overbought territory, signaling that LINK’s bullish momentum is robust. LINK demonstrates resilience by maintaining a stronger support level ranging from $10 to $12, as it undergoes a period of consolidation in anticipation of a potential breakthrough from the resistance at $13. This breakthrough may potentially lead to further gains, with a target price of $20. Related Reading: Analyzing ADA Solid 25% Gain: Signs Point To Cardano Rally Ahead LINK market cap currently at $7.567 billion on the daily chart: TradingView.com How Will LINK Reach $20? Notably, prominent cryptocurrency trader CryptoGodJohn took to X to share his insights on LINK’s recent developments. He pointed out that the cryptocurrency has broken out of its long-term range, positioning it as one of the most appealing altcoins in the current market. This sentiment from a respected trader like CryptoGodJohn adds further weight to the positive outlook for LINK, with many speculating that it may soon reach the $20 mark. $LINK just broke out of a 550+ day range and timeline barely talking about it One of the best looking altcoin charts in the market right now I wouldn\u2019t be surprised to see #Chainlink teleport towards $18 soon pic.twitter.com\/WM97HBh9ee \u2014 Johnny (@CryptoGodJohn) November 7, 2023 Chainlink’s recent rally and its strategic partnership with Rollup Finance have set the stage for an exciting journey for the cryptocurrency. Investors, both retail and institutional, are increasingly placing their bets on LINK, drawn by its bright future and the bullish sentiment in the market. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":559727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381,89589,3],"tags":[142,1144,16295,8686,82825,4735],"class_list":["post-559718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","category-chainlink-news","category-news","tag-altcoins","tag-btcusd","tag-chainlink","tag-ethusd","tag-link-price","tag-price-action"],"acf":[],"yoast_head":"\nCan Chainlink Reach $20 With Rollup Finance Partnership?<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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