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Chainlink

<p>According to Lookonchain, cryptocurrency whales and institutional investors appear to be accumulating large amounts of <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK)</a>. This accumulation, coupled with a recent high-profile collaboration and positive price predictions, has put LINK in the spotlight.</p>
<h2 class="wp-block-heading" id="whale-accumulation-signals-strong-interest">Whale Accumulation Signals Strong Interest</h2>
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   <p lang="en" dir="ltr">It seems that whales/institutions are accumulating <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>!<br><br>We noticed that 54 fresh wallets withdrew 2.08M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>($30.28M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 7 days.<a href="https://t.co/SkqA1r0F1N" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SkqA1r0F1N</a> <a href="https://t.co/VkPt0kwPb4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VkPt0kwPb4</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808040911764705395?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>According to Lookonchain, 54 new wallets have withdrawn 2.08 million LINK tokens, valued at approximately $30.28 million, from Binance over the past week.</p>
<p>This substantial movement of tokens off exchanges into private wallets is often interpreted as a bullish signal.</p>
<h2 class="wp-block-heading" id="bullish-price-prediction">Bullish Price Prediction&nbsp;</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="514" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-1024x514.png" alt="" class="wp-image-519924" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-1024x514.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-767x385.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-1536x771.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-2048x1028.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-299x150.png 299w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-697x350.png 697w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85-788x395.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-85.png 827w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://coincodex.com/crypto/chainlink/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Coincodex</a>
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</figure>
<p>Technical analysis from Coincodex paints an optimistic picture for Chainlink’s near-term future:</p>
<ul>
 <li>Price prediction: 52.90% increase to reach $22.06 by August 2, 2024</li>
 <li>Price to reclaim $20 in July.</li>
 <li>Current market sentiment: Neutral</li>
 <li>Fear &amp; Greed Index: 50 (Neutral)</li>
 <li>Recent performance: 43% green days over the last 30 days with 8.87% price volatility</li>
</ul>
<p>Based on these indicators, Coincodex suggests that now may be a good time to buy Chainlink.</p>
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<h2 class="wp-block-heading" id="strategic-collaboration-boosts-chainlink-s-utility">Strategic Collaboration Boosts Chainlink’s Utility</h2>
<p>Adding to the positive momentum, Chainlink has announced a collaboration with Fidelity International and crypto bank Sygnum. This partnership focuses on bringing net asset value (NAV) data on-chain, aiming to enhance transparency and accessibility for tokenized assets.</p>
<p>Key points of the collaboration include:</p>
<ol>
 <li>Utilization of Chainlink’s technology for secure storage and automated synchronization of NAV data on the ZKsync blockchain</li>
 <li>Involvement with Sygnum’s recent onchain representation of $50 million Matter Labs’ treasury reserves</li>
 <li>Connection to Fidelity’s $6.9 billion Institutional Liquidity Fund</li>
</ol>
<p>As Chainlink enters July with strong whale accumulation, bullish price predictions, and a major institutional collaboration, the stage seems set for potential price appreciation.&nbsp;&nbsp;</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/youtuber-makes-urgent-kaspa-price-prediction-whens-the-best-time-to-sell-kas/" target="_blank" rel="noopener noreferrer nofollow">YouTuber Makes Urgent Kaspa Price Prediction – When’s the Best Time to Sell KAS?</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/crypto-whales-accumulate-30380000-worth-of-chainlink-how-high-can-link-price-pump-in-july/" rel="noopener noreferrer nofollow">Crypto Whales Accumulate $30,380,000 Worth of Chainlink: How High Can LINK Price Pump in July?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Whales Accumulate $30,380,000 Worth of Chainlink: How High Can LINK Price Pump in July?

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