Chainlink

Get Chainlink (LINK) all time high price, historical charts, latest news and other information.

Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months.
Polygon (MATIC)
Polygon (MATIC) was a big gainer on Friday, as prices rose to their highest point in 11 weeks.
Following a low of $1.07 on Thursday, MATIC/USD raced to an intraday peak of $1.15 earlier today.
As a result of this, polygon moved to its strongest point since November 11, which is the last time prices were trading at this point of resistance.

Looking at the chart, the surge took place when the 14-day relative strength index (RSI) broke out of a ceiling at 69.00.
As of writing, the index is tracking at 72.14, and appears to be en route to a ceiling at the 77.00 mark.
Should this occur, there is a strong possibility that MATIC will be trading above the $1.20 mark.

Chainlink (LINK)
Another notable mover on Friday was chainlink (LINK), which also surged to a multi-month high.
LINK/USD jumped to a high of $7.33 earlier in the day, which comes less than a day after falling to a low of $6.93.
This rally in price pushed chainlink to its highest point since December 5, breaking it out of a price ceiling in the process.

As can be seen from the chart, LINK climbed past its resistance level of $7.25, however the RSI was unable to also achieve this feat.
Price strength is currently at a reading of 64.15, which is marginally below a ceiling at 65.00.
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Do you expect chainlink to move towards $7.50 this weekend? Let us know your thoughts in the comments.


Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months. Po...

news.bitcoin.com

Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains

The global cryptocurrency market cap is currently down by 1.61%, but LINK holds its gains on the weekly chart. With institutional investors and whales engaged in trading activities, the crypto market is experiencing a revival. 
Chainlink has enjoyed a resurgence this week with an increase in its price and trading volume. The network has also recorded a massive increase in trading volume today at 30.64%. The coin is now ranked number 21 on the list of cryptocurrencies.

What Is Behind The Rally?
The Chainlink network has added some notable projects to its catalog. The total value of transactions, its oracle service, exceeded $6.9 trillion. Also, the network provided users with data feeds that extend across new blockchains and layer 2.
Another innovation driving the price is the Chainlink proof of reserve. The collapse of FTX created distrust in the industry. This distrust prompted the increased demand for Proof of Reserves. Chainlink’s Proof of Reserve has become popular among stablecoins and wrapped tokens to provide their customers with transparency. The adoption has also aided the LINK price increase.
Also, the launch of Web3 solution Chainlink Economics 2.0 has created a framework for the network’s core interests; Chainlink BUILD, SCALE, and Staking. Chainlink’s BUILD and SCALE enable users to build Web3 dApps. Sergey Nazarov, Chainlink’s co-founder, stated that the crisis in traditional finance creates opportunities for blockchain technology to fortify crypto as an alternative financial system.

Chainlink Price Prediction
Chainlink LINK has enjoyed a positive rally in the past week. The asset is currently trading at $6.50 as it approaches the $7 mark. The support levels are $6.27, $6.44, and $6.64, while the resistance levels are $7.01, $7.18, and $7.37. LINK is close to its first resistance level, but the uptrend might pull back as the bearish candles begin to form on the chart.
The asset is currently above its 50-day Simple Moving average and approaching its 200-day SMA. This suggests bullish momentum for LINK in the short term. However, expect a pullback before it continues its surge. 
The Relative Strength Index (RSI) reading of 65.73 is slightly into the buy zone but not in the overbought region. It reflects the current market condition as the bears struggle to push down the asset’s price. The MACD (Moving Average Convergence Divergence) is above its signal line and shows divergence, which is a bullish signal.
Related Reading: Aave Price Surges As V3 Cloud Upgrade Draws Near
Expect LINK to retrace briefly before bouncing back and surpassing the $7.01 resistance in the coming days. Featured image from Pixabay and chart from TradingView.com


The global cryptocurrency market cap is currently down by 1.61%, but LINK holds its gains on the weekly chart. With institutional investors and whales engaged in trading activities, the crypto market is experiencing a revival.  Chainlink has enjoyed a resurgence this week with an increase in its ...

newsbtc.com

Chainlink (LINK) Records 7% Gains In Last Week, Will It Cross $7?

The Chainlink price has had a somewhat mediocre performance over the past few months. Once a cryptocurrency that was within the top 10 by market capitalization, LINK has currently slipped to 22nd place. However, within the next few months, Chainlink could be poised to outperform other cryptocurrencies.
In addition to the fundamentals, LINK’s weekly chart shows an extremely bullish occurrence. The chart reveals that the LINK price has formed a bullish divergence with the RSI on a weekly basis. The bullish divergence is shown by the fact that the price has recently fallen to new local lows, while the RSI is not making a new low.
This shows that the bears are losing power and that the LINK bulls are ready to control the market again. Ultimately, the bullish divergence could signal the end of the prolonged downtrend.

However, in the short term, there could be another drawdown for LINK. The 4-hour chart is showing a bearish divergence as the price is making new local highs while RSI is trending down, making new lower lows.
Although the market is taking a bullish stance on Chainlink, the discrepancy means that momentum is slowing.

Chainlink Relies On Strong Fundamentals In 2023
A bullish catalyst in 2023 might become Chainlink’s low-latency pull-based oracles. Instead of regularly pushing data to the chain based on predefined conditions, the oracle reports will be made available off-chain and added to the chain by users as they are needed.

This technical improvement was announced by Chainlink in early November. As Chainlink’s community ambassador “ChainLinkGod” wrote on Twitter, this has massive implications for dApp users and developers.
They can use the technology to increase leverage, lower trading fees, and improve the UX. Additionally, the oracle reports can be kept private until transactions are settled on the chain. “Combined with the high-frequency nature of the data, oracle frontrunning can be mitigated,” the ambassador says.
This is a game-changer, especially for decentralized derivatives protocols, which could see a massive influx in 2023 given the antics and collapses of centralized exchanges in 2022, as it makes them more competitive.

The LINK price could benefit from the hype and increased usage, as well as from the partnership with SWIFT. As announced in late September 2022, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has partnered with Chainlink to connect the global financial ecosystem to almost any blockchain.
The World Economic Forum estimates that up to 10% of global GDP will be stored and transacted via distributed ledger technologies by 2027, and tokenized markets could be worth up to $24 trillion by 2027, according to a new report.
If Chainlink could be a part of this development alongside SWIFT, the LINK bulls can easily take over and push the price upward.
Featured image from Binance Academy, Chart from TradingView.com


The Chainlink price has had a somewhat mediocre performance over the past few months. Once a cryptocurrency that was within the top 10 by market capitalization, LINK has currently slipped to 22nd place. However, within the next few months, Chainlink could be poised to outperform other cryptocurre...

Chainlink Bullish Divergence: What To Expect In 2023

Data shows Chainlink address activity has returned to 2021 levels recently, a sign that could turn out to be bullish for the asset’s value.
Chainlink Daily Active Addresses At High Levels Recently
According to data from the on-chain analytics firm Santiment, this increase in LINK activity first started around two months ago. The relevant indicator here is the “daily active addresses,” which tells us the total number of addresses that were involved in a transaction on any given day.
The metric counts both senders and receivers in its calculation, and only accounts for unique addresses in the data, meaning that the wallets that participated in multiple transfers on the same day are only counted once. This helps remove duplicate transactions and other noise from the data, and provides a more accurate picture of the network activity.
When the value of this indicator is high, it means a large number of daily users are interacting in some way on the blockchain right now. Such a trend shows the market is active currently.
On the other hand, low values of the metric imply not many unique users are showing trading activity at the moment. This kind of trend can be a sign that the general interest around the crypto is low at the moment.
Now, here is a chart that shows the trend in the Chainlink daily active addresses over the last few years:


As shown in the above graph, the Chainlink daily active addresses were at pretty low levels for most of 2022. This was because the investors weren’t finding the coin that interesting to trade during the bear market consolidation.

In the last couple of months or so, however, there has been a very noticeable rise in the unique users transacting on the network daily. In fact, these values of the indicator are similar to those seen during 2021, when the bull run was going on. 
Usually, high network activity is bullish for the price in the long term as increased utility of the chain builds a more sustainable ground for the future. LINK has been rallying in the last week or so, which may suggest that this high activity from holders in the last two months may already be paying off for the crypto.

Also, while a high number of users are important for starting price moves like this, it’s also true that they are needed during such rallies to keep them going. If the Chainlink daily active addresses continue to be at the current high levels, then it may mean the current rally can keep up the momentum for a while longer.
LINK Price
At the time of writing, Chainlink is trading around $6.3, up 13% in the last week.





Data shows Chainlink address activity has returned to 2021 levels recently, a sign that could turn out to be bullish for the asset’s value. Chainlink Daily Active Addresses At High Levels Recently According to data from the on-chain analytics firm Santiment, this increase in LINK activity first s...

Chainlink Bullish Signal: LINK Address Activity Returns To 2021 Levels

Popular crypto analyst Michaël van de Poppe is predicting rallies for Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Cosmos (ATOM) and SKALE (SKL).
In a new YouTube strategy session, Van de Poppe tells his 163,000 subscribers that Chainlink is likely to rally after the decentralized oracle network first dips by as much as 20%.

“We’re probably going to see a case where things like Chainlink are going to bottom out around $4.50 to $5. It’s really close, I believe. And then we get a relief rally somewhere in 2023 taking place towards [about $17].”
At time of writing Chainlink is changing hands at $5.62.
Next, he says Polkadot could surge by as much as 432% from its current value of $4.51 at time of writing.
“I think that if we are in for a relief rally that one of those assets to add to the portfolio is definitely going to be Polkadot, given the fact that Polkadot is going to pretty much bring a rally towards the levels that we have here between $16 to $24.” 
Van de Poppe says Cosmos is already rallying and is likely to continue to surge.
“We have had this retest at the high taking place. We’ve had a run to the highs and now we’re consolidating again. I think that once it cracks the high again [at $25.97] we’re going to have some sort of run-up taking place towards this block [up to about $35.00] as a relief rally just like we have been seeing in 2019 and 2020.” 
At time of writing, Cosmos is changing hands at $10.10.
He next says that the native token of the crypto exchange Binance is finding support at its current price level. Looking at van de Poppe’s chart, he predicts BNB will surge to $400 by June.
“We are into support level at $233, which makes me believe that if Bitcoin is not going to fall too much at this point, it’s not a bad case to have the biggest exchange in your portfolio given the simple case that it’s going to be a bigger winner even when the markets are going to turn around.” 
At time of writing, BNB is valued at $245.71.
Lastly, he says SKALE will continue moving up if it breaks a key price level of $0.0250.
“If it starts to break $0.025, it’s going to take out all these highs and start rallying quite fast towards [$0.200], which is, essentially, if you allocate it in a small portfolio, it could be an 8x to 12x during this year.” 
SKALE is changing hands at $0.0211 at time of writing.

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The post Analyst Predicts Rallies for Chainlink, Polkadot, Binance Coin and Two Additional Altcoins – Here Are His Targets appeared first on The Daily Hodl.


Popular crypto analyst Michaël van de Poppe is predicting rallies for Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Cosmos (ATOM) and SKALE (SKL). In a new YouTube strategy session, Van de Poppe tells his 163,000 subscribers that Chainlink is likely to rally after the decentralized oracle...

Chainlink price	$7.40
Low - High 24H	$7.27 - $7.47
Market cap	$3.64B
Volume 24H	$330.60M
All time high	$52.70 -85.95% May 10th 2021
All time low	$0.148183 4896.02% November 29th 2017
Genesis date	N/A

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