Cryptocurrency

Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-link-exhibits-potential-for-continued-growth/" data-wpel-link="internal">Chainlink (LINK) Exhibits Potential for Continued Growth</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/chainlink-link-hala-kritik-bolgeden-cikamadi-link-coin-icin-14-dolar-gorulecek-mi" data-wpel-link="internal">Chainlink</a>’s (<a href="https://coin-turk.com/bu-iki-buyuk-hacimli-coin-sessiz-sakin-yukseliyor" data-wpel-link="internal">LINK</a>)</strong> 4-hour chart recently showed a golden cross formation, which could indicate a bullish trend that might drive its value higher. This development is consistent with the MVRV ratio, suggesting that <a href="https://en.coin-turk.com/chainlinks-struggle-to-overcome-key-resistance-zone/" data-wpel-link="internal">LINK</a> is in a favorable position for accumulation.</p> 
<h2 id="will-link-continue-to-rise">Will LINK Continue to Rise?</h2> 
<p style="text-align: justify">Additionally, a significant portion of active <strong><a href="https://en.coin-turk.com/bitcoins-possible-scenario-and-chainlinks-breakthrough/" data-wpel-link="internal">Chainlink</a></strong> addresses are held by investors who are either in profit or at the break-even point. This factor is crucial as it supports the ongoing consolidation. The market’s positive response to these indicators could mean that LINK’s price may continue to stabilize or rise. Last week, <strong>LINK</strong> experienced a notable increase of 17.97%, raising questions about the sustainability of this upward trend.</p> 
<p style="text-align: justify">Currently, 35% of active LINK addresses are in a profitable position, with an additional 60% at the break-even point. This suggests that approximately 95% of LINK holders have not faced any losses on their holdings, providing a solid foundation for market confidence. The fact that the majority of LINK’s active investor base has not experienced losses indicates a strong inclination to preserve their investments.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334047 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/santiment-7.webp" alt="" width="850" height="288"></p> 
<h2 id="current-data-on-link">Current Data on LINK</h2> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/herkes-dususu-konusurken-o-yukselis-dedi-uzmandan-bitcoin-ve-altcoinler-icin-aykiri-yorum" data-wpel-link="internal">Cryptocurrency</a></strong> investors’ tendency to hold rather than sell contributes significantly to LINK’s price stability. This approach can prevent mass sell-offs during market fluctuations. It provides significant support to LINK’s price and can potentially act as a buffer against sharp declines. This also may encourage the continuation of the recent uptrend in the coming weeks.</p> 
<p style="text-align: justify">The Market Value to Realized Value (MVRV) ratio for LINK currently indicates bullish expectations. This ratio, which measures the profit or loss status of investors, shows that the 30-day MVRV is at 2.73%. The 30-day MVRV Ratio is a metric used to measure the average profit or loss of investors. It is calculated by dividing the market value (current price times total supply) by the realized value (the value of all <strong>tokens</strong> at the price they were bought in the last 30 days) and then expressing this ratio as a percentage.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/chainlink-link-exhibits-potential-for-continued-growth/" data-wpel-link="internal">Chainlink (LINK) Exhibits Potential for Continued Growth</a></h5>

Chainlink (LINK) Exhibits Potential for Continued Growth

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