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Chainlink

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In the recent surge of a bullish market, the cryptocurrency landscape witnessed a significant uptick in the prices of most digital assets. However, ChainLink defied the trend by maintaining its steady upward trajectory. While certain investors gravitate towards the allure of volatile coins, others opt for more measured and consistent alternatives. The question arises: Is it advisable to contemplate the inclusion of ChainLink in your cryptocurrency portfolio? Furthermore, could the&nbsp;<a href="https://cryptoticker.io/en/top-5-reasons-why-chainlink-coin-is-a-good-buy/" rel="noopener noreferrer nofollow">LINK price</a>&nbsp;potentially reach $20? Let’s jump into this analysis for a more comprehensive understanding.
<h2 id="h-how-has-the-link-price-moved-in-recent-days">How has the LINK price moved in recent days?</h2>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/symbols/LINKUSD/" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="1814" height="812" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/LINKUSD_2023-12-12_17-22-59.png" alt="" class="wp-image-122460"></a>
 <figcaption>LINK/USD Daily Chart- <a href="https://www.tradingview.com/symbols/LINKUSD/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
As of now, the&nbsp;<a target="_blank" href="https://coinmarketcap.com/currencies/chainlink/" rel="noopener noreferrer nofollow">Chainlink (LINK) price stands at $14.93</a>, accompanied by a 24-hour trading volume of $1.35 billion. The market cap for Chainlink is $8.31 billion, with a market dominance of 0.52%. Over the past 24 hours, the LINK price experienced a decrease of -1.41%.
Notably, Chainlink achieved its peak price on May 10, 2021, reaching an all-time high of $52.89. In contrast, its lowest recorded price was on September 23, 2017, at an all-time low of $0.126297. Following its all-time high, the lowest price reached in the subsequent cycle was $4.88 (cycle low), while the highest LINK price in the current cycle reached $17.31 (cycle high).&nbsp;
Presently, the sentiment for&nbsp;<a href="https://cryptoticker.io/en/chainlink-price-prediction-price-up/" rel="noopener noreferrer nofollow">Chainlink’s price prediction</a>&nbsp;is neutral, with the Fear &amp; Greed Index indicating a value of 67, reflecting a state of greed.
The circulating supply of Chainlink is currently 556.85 million LINK out of a maximum supply of 1.00 billion LINK. The annual supply inflation rate is 9.62%, resulting in the creation of 48.85 million LINK in the last year. Chainlink holds the top position in the DeFi Coins sector by market cap and is ranked second in the Ethereum (ERC20) Tokens sector.
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<h2 id="h-will-link-price-go-up">Will LINK Price Go Up?</h2>
The&nbsp;<a target="_blank" href="https://x.com/chainlink/status/1732901569954259297?s=20" rel="noopener noreferrer nofollow">Chainlink Staking V0.2 Community Pool</a>&nbsp;has achieved a remarkable milestone, accumulating nearly 41 million LINK tokens. Impressively, during the early access launch, an astounding 19 million LINK was staked within a mere seven hours, bolstering the current bullish trend for LINK.
The early access phase, initiated on December 7, prioritized V0.1 stakers post the staking upgrade. Presently, the upgraded V0.2 pool holds a substantial 40,875,000 LINK, equivalent to approximately $690 million. On-chain data reveals that the staking contract secured the majority of LINK, closely followed by a Binance-controlled address holding 38 million LINK.
<a href="https://cryptoticker.io/en/link-price-prediction-20-price/" rel="noopener noreferrer nofollow">Chainlink&nbsp;</a>expressed gratitude to the actively participating community, highlighting their pivotal role in fortifying the Chainlink Network and the verifiable web by deploying 40,875,000 LINK.
Distinguishing itself from the initial version with a 25 million LINK capacity, the V0.2 pool boasts enhancements such as improved security measures, increased flexibility, a dynamic reward system, and a modular architecture.
General access to the network commenced on December 11, subject to space availability for public staking. With an appealing base reward rate of 4.32% for community stakers, potentially augmented by the dynamic reward model, the likelihood of withdrawals is diminished.
The substantial engagement in LINK staking serves as a testament to the growing significance of the Chainlink project, reflecting positive sentiments. Notably, recent whale accumulations totaling around $50 million in LINK further contribute to traders’ optimism regarding LINK’s price trajectory.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY LINK &lt;—</a>
<h2 id="h-will-chainlink-reach-20">Will Chainlink reach 20$?</h2>
Considering Chainlink’s recent performance indicators, there is a compelling case for optimism regarding the potential for LINK to reach $20. Over the past year, LINK has demonstrated a substantial increase of 125%, outperforming 70% of the top 100 cryptocurrencies.&nbsp;
This upward trajectory is reinforced by the fact that the token has consistently traded above its 200-day simple moving average, indicating a sustained positive trend. Furthermore, LINK’s current standing exhibits positive performance in relation to its token sale price.&nbsp;
The prevalence of 15 green days in the last 30 days, accounting for 50% of the period, underscores the robust and consistent upward movement. Additionally, the token’s high liquidity, as reflected in its market capitalization, provides a solid foundation for sustained growth.&nbsp;
While predicting specific price targets in the volatile cryptocurrency market is inherently uncertain, the combination of these factors suggests a favorable environment for LINK to potentially reach the $20 mark.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY LINK &lt;—</a>
<h2 id="h-is-it-good-to-buy-chainlink-crypto">Is it Good to Buy Chainlink Crypto?</h2>
The Chainlink market has closely mirrored the overall volatility of the cryptocurrency market, reflecting the parabolic growth of its native crypto asset. LINK’s market value positions it among the largest digital assets by market capitalization. Examining historical LINK price charts unveils significant market cap milestones:
<ul>
 <li>$200 million: LINK’s market cap surged past $200 million in January 2018, a noteworthy achievement mere months after the token commenced trading.</li>
 <li>$500 million: By June 2019, LINK’s market cap had reached the $500 million mark, indicating substantial growth and recognition within the crypto space.</li>
 <li>$1 billion: Chainlink achieved unicorn status at the end of June 2019, marking a pivotal moment in its valuation and market perception.</li>
 <li>$10 billion: In February 2021, the market cap of Chainlink surpassed the $10 billion mark for the first time, highlighting the project’s exponential growth.</li>
 <li>$20 billion: LINK’s market cap exceeded $20 billion in May 2021, underscoring the crypto asset’s ascent to a position of significant prominence within the broader cryptocurrency market. These milestones showcase the remarkable journey of Chainlink, reflecting both its historical development and its impact on the evolving landscape of digital assets.</li>
</ul>
With Chainlink’s present price hovering at approximately $15, it is noteworthy that the cryptocurrency is in proximity to robust psychological support levels at $13.81 and $12.92. This situation presents an opportune moment for investors to contemplate acquiring LINK, particularly by adopting a strategic approach that involves placing a stop-loss trigger slightly below the current price level.&nbsp;
This prudent strategy serves to mitigate potential risks while providing investors with the flexibility to capitalize on potential upward movements in the market. By considering the strong support levels and implementing risk management measures, investors can make informed decisions to enhance the overall resilience and effectiveness of their investment strategy in the context of Chainlink’s current market dynamics.
<h2 id="h-how-to-buy-chainlink-token">How to Buy Chainlink Token?</h2>
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;is a recommended exchange. Known for its low fees and user-friendly platform,&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;makes it easy for both new and experienced traders to buy and sell Chainlink tokens. With the current market dynamics and Chainlink’s promising trajectory, now might be a strategic time to consider adding LINK to your cryptocurrency portfolio.

Chainlink Price Alert: Chainlink (LINK) Price Eyeing $20?

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