random

Better

Chainlink

Rekt

<p><strong>Chainlink ($LINK), appears to be breaking free from its multi-year macro downtrend. This is not just a mere speculation, but a potential reality that has the crypto community buzzing with anticipation. The tweet <a href="https://twitter.com/rektcapital/status/1684564042348994560" target="_blank" rel="noopener noreferrer nofollow">shared</a> by crypto trader Rekt Capital suggests so.</strong></p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="724" src="https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-1024x724.png" alt="" class="wp-image-298806" srcset="https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-1024x724.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-768x543.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-1536x1086.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-2048x1449.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-495x350.png 495w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487-788x557.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-487.png 680w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>One Twitter user who commented on the tweet also feels the same and suggested that it is ready to go up very strongly.</p> 
<p>Chainlink, for those who might not be familiar, is a decentralized oracle network that aims to connect smart contracts with data from the real world. It has been somewhat dormant, but recent signs suggest a stirring of the giant. The question on everyone’s lips is, “Is Chainlink breaking its multi-year macro downtrend?”</p> 
<p>This question is not unfounded. In fact, it is backed by a strong sentiment that Chainlink is ready to ascend, and ascend strongly. This sentiment is echoed by many, including the crypto analytics firm, Santiment, which noted a significant surge in Chainlink’s activity.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Average Return Of Crypto ICOs &amp; Presales Is 1320%! Don’t Miss Out 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><strong><a rel="noopener noreferrer nofollow" href="https://bit.ly/BTC20CA" data-type="URL" data-id="https://bit.ly/BTC20CA" target="_blank">Explore</a></strong> the promising BTC20 that is repeating Bitcoin’s lifecycle and <strong><a rel="noopener noreferrer nofollow" href="https://bit.ly/wsm_box" target="_blank">discover</a></strong> the new crypto hits, memecoins and hyped projects before they hit the markets. Invest in the new SHIB or PEPE <strong><a rel="noopener noreferrer nofollow" href="https://bit.ly/wsm_box" target="_blank">Wall Street Memes token</a></strong> that already collected more than $17 million.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>Santiment’s analysis <a href="https://twitter.com/santimentfeed/status/1684583144891224064" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that Chainlink has leaped ahead of the altcoin pack. This leap is not a random fluke but appears to be powered by heavy whale accumulation. For those new to the crypto jargon, ‘whales’ refer to individuals or entities that hold large amounts of a particular cryptocurrency. In Chainlink’s case, the highest amount of transactions valued at over $1 million have been recorded this year.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="654" src="https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-1024x654.png" alt="" class="wp-image-298814" srcset="https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-1024x654.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-300x191.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-768x490.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-1536x980.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-2048x1307.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-235x150.png 235w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-548x350.png 548w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488-788x502.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-488.png 680w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>In addition, wallets holding between 100,000 to 10 million $LINK are accumulating rapidly. This accumulation is a strong indicator of confidence in Chainlink’s potential and could be a precursor to a significant price rally.</p> 
<p>As per the latest data from CoinMarketCap, Chainlink ($LINK) is currently trading at $78.44. Despite a slight dip of 1.60% in the last 24 hours, the cryptocurrency holds a strong position in the market with a ranking of 21. The market capitalization stands at approximately $4.22 billion, underpinned by a 24-hour trading volume of nearly $297.29 million. </p> 
<p>In terms of supply metrics, there are about 538 million LINK coins in circulation out of a maximum supply of 1 billion LINK. It’s important to note that these figures are subject to the inherent volatility of the cryptocurrency market, and for real-time updates, it’s advisable to refer to the Chainlink page on CoinMarketCap.</p> 
<p>Chainlink whales are making waves. Over the past month, these colossal creatures of the crypto world have accumulated around 11 million Chainlink tokens, known as $LINK.</p> 
<p>According to the data&nbsp;<a href="https://twitter.com/ali_charts/status/1684465644660727809?s=20" target="_blank" rel="noopener noreferrer nofollow">shared</a>&nbsp;by crypto trader Ali, this massive haul is worth an estimated $77 million, a testament to the whales’ power and influence in the cryptocurrency ecosystem.</p> 
<p>During the recent epic rally of 2021, an Ethereum wallet that had remained dormant for six years suddenly offloaded $15 million worth of ETH. This substantial action caught the attention of traders and investors, sparking discussions within the crypto community.</p> 
<p>The sale of such a significant amount of ETH from a long-inactive wallet raised questions about Ethereum’s future trajectory. While the cryptocurrency has been relatively stable, this sudden movement could hint at growing uncertainty regarding its potential for further price increases.</p> 
<p>Interestingly, amidst this development, more investors have been turning to alternative assets like TOADS and LINK, seeking potential opportunities beyond Ethereum’s market. This trend indicates a shift in investor preferences as they explore other promising assets in the ever-evolving cryptocurrency landscape.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/chainlink-link-trade-setup-looks-promising-but-this-info-is-even-better-for-hodlers/">Chainlink (LINK) Trade Setup Looks Promising, But This Info is Even Better for Hodlers</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink (LINK) Trade Setup Looks Promising, But This Info is Even Better for Hodlers

CaptainAltcoin

Other articles published on Jul 28, 2023

Bursa Aset Kripto Indonesia Terbentuk, Direktur REKU: Ada Tantangan Tersendiri Terkait Volume Per...

Ethereum (ETH) Price Analysis for July 28

Robert Kiyosaki Semakin Yakin Dolar Semakin Lunglai Gegara BRICS

Why Crypto Market is Down Today? Here Are the Top Reasons

Ault Alliance Retains ShareIntel to Investigate Naked Short Selling Activity

Investment Banking Firm Shares insight On MicroStragy’s BTC Adoption

Join our free newsletter for daily crypto updates!