The Chainlink PROGNOSE (LINK) has just gone viral! LINK price has surged from $4.87 to $5.60 USD in less than a week! The story is still unfolding, but it does show that the LINK price is now gaining significant momentum! Here’s why. The LINK is a cryptocurrency that has many uses outside of cryptocurrency. This is why this technology is so valuable.
LINK price surged from $4.87 to $5.60 USD
Chainlink Prognose (LINK) is a cryptocurrency whose goal is to bring interoperability to the blockchain industry. Last year, it announced its launch on the Ethereum mainnet. With a total of 410 million kryptowahrungen (or tokens) and a maximum supply of one million, the chain is poised to go far. The recent increase in the chain’s price is a result of several key milestones.
Although Chainlink is still relatively young, it has already had some notable price spikes in 2019. In January, the price doubled from $0.15 to $0.43. On May 20, the price crossed the $1 USD mark. In February, the price fell to $0.71, but recovered to reach $3.64. Since then, it’s continued to climb. Today, the LINK price is trading at a premium of 22% to the bitcoin price.
The market bias of LINK remains bullish, with prices bouncing up and down in tandem with top cryptos. However, LINK may be forming a bearish reversal indicator. LINK’s price chart shows an ascending broadening wedge, with two rising bullish trendlines deviating from one another. While this doesn’t necessarily indicate buying exhaustion, it does signal a potential seller’s ambition to take control once price hits the upper trendline.
Chainlink price has risen 150% over the past month, with eToro’s platform proving to be a reliable choice for investing. However, the price is still highly volatile and you could lose all of your investment capital. Nevertheless, Chainlink could hit $50 USD by the end of 2022 if it continues on its upward trajectory. So, be careful to invest wisely.
The price prediction for LINK coin has been based on a trend following several years. While some investors have called for a pump in the next few years, others believe that the LINK price could reach $50 USD in the near future. This will likely increase further as the chain connects more decentralized networks. The project has also recently been backed by several big players in the cryptocurrency world, including Binance.
LINK price surged from around $4.87 to $5.60 USD
Chainlink has been a bullish coin in the last 24 hours. The price has gained around 7.86 percent over the last day. In our previous analysis, we predicted a bullish breakout. The LINK/USD pair surged past the $6.54 resistance level and established key support levels at $6.18 and $6.30. The bulls have taken control of the market since then, as the price is currently rising, aiming for the $7.21 and $7.73 levels.
Chainlink has raised over $32 million from a private token sale and raised over $28 million in a public sale in September 2017. LINK’s price rose from about $0.09 to $0.11 during its public sale. The price continued to rise, showing signs of a bullish trend in September and November of last year. LINK price rose from around $4.87 USD to $5.60 USD in the same time period, gaining momentum during this period.
After a bullish year, Chainlink continued its upward trend and was listed on Coinbase. Rumors about the company’s collaboration with Google Cloud further boosted the price. Chainlink doubled from $1.61 to $4.45 USD before the Coinbase listing. The price then fell back to $1.61 at the end of August. LINK price surged from around $4.87 to $5.60 USD in the past week.
The Chainlink Protocol is a blockchain-agnostic protocol that runs on multiple blockchains at the same time. It allows for incentives to participate in data collection and is suitable for any type of blockchain activity, including election results and weather forecasts. As an ERC-20 token, the Chainlink Prognose price has the same fees and speeds as the Ethereum network. Chainlink Labs has an extensive network of industry experts and tech futurists, and their success has prompted a huge interest in the crypto currency.
LINK is available on several exchanges. To buy LINK, you must first fund your account with fiat currency or crypto. You should choose a pair between LINK/USD or LINK/BTC. Then, deposit your funds. It is easier to buy LINK using fiat than cryptocurrency. After funding your account, you can sell your tokens for a profit.
LINK price surged from around $4
In the past few days, the Chainlink Prognose (LINK) price has risen significantly from its $4.25 price level, indicating that the crypto-currency has significant upside potential. As the crypto-currency continues to gain popularity, the LINK price will probably continue to rise as more companies and projects integrate the crypto-currency. There is also a high probability that LINK may reach a new ATH soon.
Although many investors are hesitant to invest in a crypto-asset over an extended period of time, it is clear that the LINK token is a solid long-term investment. LINK is compatible with multiple blockchain environments, including Bitcoin, Ethereum, and IOTA. As a result, it should rise as the blockchain and its related applications continue to develop. Once it is fully utilized, the LINK token will be worth more than a billion dollars.
Earlier this year, Chainlink Prognose hit an all-time high of $1.51, but quickly corrected to $0.16 in March and April. A few weeks later, Google announced that Chainlink was an official cloud partner. Chainlink unveiled its Trusted Compute Framework and linked up with Hyperledger, Intel, and the Enterprise Ethereum Alliance. Coinbase added Chainlink to its portfolio, boosting its price to $4.30 in late June 2019.
The crypto experts forecasted that the Chainlink Prognose price would rise in 2024 and fall in 2026. This projection is based on historical price fluctuations, which indicates that the coin will rise from around $4 in 2019 to a minimum of $6.74 in 2025. LINK could fall to a minimum price of $0.16 in 2026, but then rebound to around the $8.11 level by 2028.
A bullish trend is emerging in the market, and this should be reflected in the future price of LINK. The accumulated/distribution (A/D) indicator shows a bullish trend, with room for further growth. Once LINK is able to hold support and re-enter the ascending channel, it could easily reach $20. This bullish trend could last a while longer, as the cryptocurrency market continues to grow.
LINK price surged from around $4 to $5.60 USD
While LINK is still a relatively new cryptocurrency, the rise in price is certainly encouraging. The crypto has recently increased from around $4 USD to around $5.60 USD and it appears to be headed higher. This surge could mean more big changes ahead. In the short term, Chainlink may rise to around $6 USD, and in a few years, it might even climb to $1200 USD. The only way to know for sure is to watch the prices.
Chainlink Prognose price has risen significantly since January. Initially under the radar, it rose from $1.71 to $4.60 in July 2020, and it climbed back to $3.40 by mid-August. However, it subsequently fell to below $7 in September 2020, and then rebounded to about $3 in August. This bullish momentum has continued to the present and the crypto may even reach $50 by the end of 2022.
The LINK price has now risen above its mid-March high of $5.60 USD. Investors FOMO’d on Chainlink Prognose, and it pushed through that support to new all-time high. This spike in price was fueled by approximately $200 million of new funding in the last 24 hours. The cryptocurrency is currently up more than five percent from its all-time high of $4.60 USD and is on a bullish path towards $6.60.
While the cryptocurrency market is volatile, it is a safe bet to invest in. Chainlink Prognose could hit $100 within a year if it catches on. However, LINK is not as profitable as other fast-growing cryptos. If you invest wisely, it could reach fifty percent in about a decade. However, LINK’s price will most likely surge further in the future.