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<p>Top cryptocurrency analyst Kara Szabo has recently <a href="https://twitter.com/kararesurrect/status/1700892262413025580?t=KgRC1UWmQXZwCKON5rpriw&amp;s=19" target="_blank" rel="nofollow">issued</a> a forecast for Chainlink ($LINK) in the forthcoming crypto bull market. In her assessment, she singles out Chainlink as the ideal cryptocurrency for achieving a balance between risk and potential gains. Additionally, she provides specific price targets that LINK could hit both this month and during the expected bull run.</p> 
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<h3 class="wp-block-heading" id="key-points-from-kara-szabo-s-analysis">Key Points from Kara Szabo’s Analysis:</h3> 
<ol> 
 <li><strong>Tokenomics</strong>: Chainlink has a maximum supply of 1 billion tokens, with a current circulating supply of approximately 538 million tokens. At its current price of $6.06, the market cap stands at around $3.24 billion.</li> 
 <li><strong>Token Allocation</strong>: The allocation of Chainlink tokens is divided as follows: 35% for retail, 35% for node operators and ecosystems, and 30% for the team. Szabo notes that this allocation is a bit “team heavy,” but it’s not the worst by far.</li> 
 <li><strong>Staking Program</strong>: Chainlink is set to launch version 0.2 of its staking program later this year, with an initial expanded pool size of 45 million $LINK tokens.</li> 
 <li><strong>Technical Story</strong>: According to Szabo, Chainlink might have the best tech story in all of crypto, which could make it a focal point in the next bull run, attracting plenty of new investors.</li> 
 <li><strong>Price History</strong>: Chainlink reached an all-time high (ATH) of $52.70 in May 2021. Since then, it has been in a heavy accumulation phase, ranging between $5 and $9, making it ideal for swing trading during the bear market.</li> 
 <li><strong>Price Prediction</strong>: After examining all the data, Szabo predicts that Chainlink will break its ATH in the upcoming bull run. A return to its ATH would represent roughly a 9x gain from its current price. If Chainlink reaches $100, that would be approximately a 17x gain, which is significant for a large market cap coin.</li> 
 <li><strong>Short-Term Outlook</strong>: Szabo believes that Chainlink could dip to $5.50 this month, offering investors a chance to enter at a lower price point.</li> 
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<p>Kara Szabo’s analysis provides a comprehensive look at Chainlink’s potential, considering both its technical aspects and market conditions. Her bullish outlook suggests that Chainlink could be a strong contender for significant gains in the next crypto bull market.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="nofollow">Twitter</a></strong> and <strong><a rel="noreferrer noopener nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noreferrer noopener">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noreferrer noopener">price predictions</a>.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/chainlink-link-will-break-its-ath-predicts-top-crypto-analyst-might-get-to-this-level-in-september/">Chainlink (LINK) Will Break Its ATH Predicts Top Crypto Analyst, Might Get to This Level in September</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink (LINK) Will Break Its ATH Predicts Top Crypto Analyst, Might Get to This Level in September

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