Ethereum

2024

FOMO

Chainlink

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 <p>Chainlink (LINK) surged higher this week, fueled by a spike in dormant whale transactions alongside supporting technical signals that have analysts eyeing a continued run toward $30.</p>
 <p>According to blockchain analytics platform Santiment, Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> just registered its highest-ever “Age Consumed” metric reading at 5.38 billion. Age Consumed calculates the product of tokens moved on-chain and the length of time they remained idle, offering clues on whale activity.</p>
 <p><strong>Also read: Cryptocurrency: 3 Altcoins That Could Outshine Bitcoin in February</strong></p>
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    <p lang="en" dir="ltr">🔗📈 #Chainlink has jumped ahead of the #altcoin pack after some previously dormant wallets created the highest Age Consumed spike (5.38B, calculated by multiplying coins moved by the amount of days those coins had been dormant). This influx of $LINK back into the <br><br>(Cont) 👇 pic.twitter.com/eHVpeJz2HW</p>— Santiment (@santimentfeed) February 1, 2024
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 <p>Essentially, a lump of long-dormant <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> whales has abruptly awakened, transferring huge sums back into circulation. This influx from holders accumulating during Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s multi-year bull run likely kicked FOMO into high gear, contributing to <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s price jump as smaller players rush to chase gains.</p>
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 <p>Moreover, Santiment noted minor liquidations from wallets that historically signal fear and often precede further upside as nervous investors exit.</p>
 <h2 class="wp-block-heading" id="h-chainlink-could-hit-30-soon">Chainlink could hit $30 soon</h2>
 <p>Technical analyst Michaël van de Poppe spies additional momentum ahead, tweeting that <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> has confirmed a higher price low while touting a “massive breakout” towards $25–30 should interoperability leader Ethereum help spearhead altcoin strength.</p>
 <p><strong>Also read: Why Chainlink (LINK) Is Gearing Up For $25-30 Breakout In Coming Months?</strong></p>
 <p>With Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> settling into bullish support near $18, van de Poppe believes <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> boasts serious upside potential.</p>
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 <p>According to data from CoinGecko, LINK has surged 14.7% in the last 24 hours. LINK is currently trading at $17.89, up from a 24-hour low of $15.48. LINK is also up by 30% in the last seven days.</p>
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  <li>LINK</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-could-hit-30-soon-here-s-what-triggered-link-price-surge-tbt78714.html">https://thebittimes.com/chainlink-could-hit-30-soon-here-s-what-triggered-link-price-surge-tbt78714.html</a></p>

Chainlink Could Hit $30 Soon; Here's What Triggered LINK Price Surge

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