FOMO

Bitcoin

Terra

Chainlink

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/chainlink-price-analysis-link-price-hit-3-month-high-whats-next/">Chainlink Price Analysis: LINK Price Hit 3-Month High, What’s Next?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Chainlink (LINK), a layer 0 blockchain known for providing decentralized oracle data to DeFi protocols, has outperformed most altcoins with an impressive 18% rally, reaching $8.21 during the early Asian trading session on Friday. The recent surge comes after a fake-out liquidation and a period of consolidation since the crypto bear market triggered by the Terra Luna collapse last year.</p> 
<p>For a while, LINK Price has mostly stayed between $6 and $8, and this range has become a zone where investors gather and buy. But recently, there has been a sudden increase in the amount of trading activity, indicating that more traders and people in the market are getting interested in Chainlink.</p> 
<h2 class="wp-block-heading" id="h-why-link-price-is-surging-here-s-what-on-chain-data-says"><strong>Why LINK Price is Surging? Here’s What On-Chain Data Says </strong></h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> is the #3 trending topic in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> after an impressive +20% day, returning to its highest price ($8.34) in 3 months. Thursday had $347.72M in <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> on-chain volume, the largest of 2023. <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FOMO</a> could be the only obstacle holding it from $10. <a href="https://t.co/kNTvo6Pibg" rel="noopener noreferrer nofollow">https://t.co/kNTvo6Pibg</a> <a href="https://t.co/f57RtOH3I5" rel="noopener noreferrer nofollow">pic.twitter.com/f57RtOH3I5</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1682202171465678848?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>On-chain data reported by Santiment reveals that Chainlink holds the third position among trending digital assets, reaching a three-month high. The daily traded volume for LINK has also hit its highest level this year, accompanied by a surge in social discussions surrounding the cryptocurrency. Santiment predicts a bullish outlook for Chainlink over the weekend, with a potential price target of $10, fueled by FOMO (Fear of Missing Out) traders.</p> 
<p>Chainlink’s bullish momentum is noteworthy as the Bitcoin market indicates a possible correction in the near term. Additionally, Bitcoin’s dominance has decreased from 49.77 percent in July, allowing for an expected influx of crypto cash flow into the altcoin industry in the coming weeks.</p> 
<p>From a technical standpoint, Chainlink is on the verge of initiating a fresh macro-bullish trend that could extend over the next few years.</p>

Chainlink Price Analysis: LINK Price Hit 3-Month High, What’s Next?

목차

CoinPedia News

2023년 7월 21일에 게재된 다른 기사

Wormhole Launches Cross-Chain Bridge Called Gateway to Connect Cosmos to Other Ecosystems

Crypto Market Provides Investors with Optimism Amidst Impending US Recession

Tron Founder Justin Sun Lauds His Firm For Impressive Q2 Performance

XDC Network (XDC) Price Prediction 2024, 2025, 2026-2030

Step by Step Guide to help you create a little ‘YOU’ on Phase 1 of Router Chain’s Gamified Testne...

United Airlines Stock: UAL Stock Might Hit Multi-Year High Soon

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!