Chainlink (LINK) Reaches New All-Time High
The post Chainlink (LINK) Reaches New All-Time High appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Chainlink (LINK) has surged past the $12.50 mark this weekend, attaining prices not seen since April 2022. The decentralized oracle network’s native token experienced a significant rally that pushed its value to new heights, reflecting a broader uptick in the market. This outstanding price movement is backed by a solid increase in the number of Chainlink wallets containing at least 1,000 LINK tokens. According to the latest data, the total count of such wallets has reached an all-time high of 27,152. This metric is an essential indicator of the token’s distribution and investors’ sentiment, suggesting a bullish outlook as more holders are willing to invest a substantial amount into LINK. A closer look at the price analysis charts reveals the progressive journey of LINK’s price. The chart showcases a robust upward trajectory, with a steep incline over the past two months, resulting in a 97% increase in price. This growth trajectory is visually encapsulated by the trending lines, highlighting a bullish pattern. Notably, within the last two months, an additional 1,474 wallets have joined the ranks of those holding over 1,000 LINK, underscoring a growing investor base. The TradingView chart presents a detailed view from a technical analysis perspective. It is evident that LINK has been on a remarkable bullish run, with the price soaring above both…
Filed under: News - @ November 6, 2023 11:16 am