Chainlink

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The price of bitcoin seems stuck around the $19,000 level for the past few days, and the asset has remained there now as well.
Most altcoins are also calmer on a 24-hour scale on Sunday, with Chainlink emerging as today’s top performer.
Bitcoin Quiet at $19K
Although bitcoin is quite stagnant now, this wasn’t the case earlier this week. The asset had jumped from $18,300 to $20,000 in a day ahead of the US Federal Reserve’s latest interest rate hike, but once the increase of 75 basis points became official, it dumped by almost $2,000 once more.
This resulted in a drop to $18,100 – a new three-month low for BTC. As fear was once again settling in the markets, the bitcoin bulls stepped up and pushed the asset to over $19,000.
The next few days saw minor volatility, with the most notable increase taking the cryptocurrency to just over $19,500. However, that was short-lived, and BTC returned to around $19,000, where it’s currently stuck.
Its market capitalization is still at approximately $365 billion, while its dominance over the alternative coins is back at 39%.
BTCUSD. Source: TradingView
LINK Pops Out
The alternative coins had a volatile week of their own, but most are significantly more stable now.
Ethereum, which dumped by more than 20% after the Merge was implemented, is now slightly in the green and stands above $1,300.
Cardano is quite stagnant as well, even though the Vasil upgrade went live a few days ago. Solana and Shiba Inu are with minor increases, too.
In contrast, Binance Coin, Ripple, Dogecoin, Polkadot, MATIC, Avalanche, and Tron are with slight declines.
Chainlink is today’s best performer from the larger and mid-cap altcoins. LINK is up by 5% today and now trades at almost $8.
The overall cumulative market capitalization of all crypto assets is also quiet and has remained at just under $950 billion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post LINK Jumps 5%: BTC Awaits its Next Move at $19K (Market Watch) appeared first on CryptoPotato.

Chainlink is among the very few cryptocurrencies with notable gains today, while BTC is still flat at $19,000. 

cryptopotato.com

LINK Jumps 5%: BTC Awaits its Next Move at $19K (Market Watch)

Popular crypto analyst Michaël van de Poppe thinks one overlooked digital asset is the “opportunity of a lifetime.”
Van de Poppe tells his 627,800 Twitter followers that the decentralized oracle network Chainlink (LINK) is a huge opportunity priced between $6-$8.

Chainlink’s native asset LINK is trading at $7.26 at time of writing. The 25th-ranked crypto asset by market cap is up 1.66% in the past 24 hours but down nearly 5% in the past week. LINK also remains down more than 86% from its all-time high of $52.70, which it hit in May 2021.
Van de Poppe also predicts that numerous altcoins could break out soon, depending on Bitcoin’s (BTC) price movement.
“Well, XRP has been breaking out heavily. The thing is, if Bitcoin consolidates and goes back to $20,000+, it’s probably time for more of those altcoins to have big breakouts. Position yourself well and don’t count fully on the $12,000-$14,000 thesis.”
Bitcoin is trading at $18,991 at time of writing. The top-ranked crypto asset by market cap is down nearly 2% in the past 24 hours.
Other crypto analysts disagree with Van de Poppe, however. Pseudonymous analyst Capo tells his 527,500 Twitter followers that he thinks BTC will “scam pump” to the $20,300-$20,600 range, then plunge down to new lows between $14,000 and $16,000.
Source: CryptoCapo_/Twitter
 
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Featured Image: Shutterstock/Salamahin,/A.Dina
The post Trader Calls One Ethereum-Based Crypto Asset the ‘Opportunity of a Lifetime,’ Says Altcoins May Erupt if Bitcoin Consolidates appeared first on The Daily Hodl.


Popular crypto analyst Michaël van de Poppe thinks one overlooked digital asset is the &#8220;opportunity of a lifetime.&#8221; Van de Poppe tells his 627,800 Twitter followers that the decentralized oracle network Chainlink (LINK) is a huge opportunity priced between $6-$8. Chainlink&#8217;s nat...

dailyhodl.com

Trader Calls One Ethereum-Based Crypto Asset the ‘Opportunity of a Lifetime,’ Says Altcoins May Erupt if Bitcoin Consolidates

Price fluctuations are a daily occurrence in the crypto markets now. Since the fight against inflation began, the overall financial markets have tanked. Nowadays, asset prices swing without warning, and the continuing crypto winter only heightened the volatility. 
The recent event expected to boost market recovery has been completed. Ethereum is now operating on a proof-of-stake mechanism as planned. But after the successful launch, crypto asset prices dipped, and losses spilled over to the next 24 hours. 
Related Reading: Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market
Currently, almost all the assets are red in price movements. The leading crypto Bitcoin has lost 2.95% in 24 hours. Ethereum, the center of attention during this period, has also lost 1.70% in 24 hours and 15.73% in 7 days.
But not all hope is lost. Some cryptocurrencies are rallying impressively, and the top leader in this category is Chainlink LINK. 
Chainlink LINK Gains 9.03% Amid Market Pullback 
Chainlink LINK is one of the cryptocurrencies currently gaining each hour on September 16. As of the time of writing, the LINK price stands at $7.71, representing an 8.19% gain in 24 hours. The price movement on September 16 has been very encouraging. LINK recorded some dips in its 24 hours trading, but not the red lines. The coin saw an intraday high of $7.759 and an intraday low of $7.4948. The next low point during the day was a dip to $7.60 before regaining its upward momentum. 
If the price continues upwards, LINK might grow considerably higher before the market closes. This gain is a welcome development for the crypto as its 7 days price growth sits at 2.23%.
LINK’s price is currently trading above $7.5. | Source: LINKUSD price chart from TradingView.com
What Could Be Pushing Chainlink Post-Merge
Chainlink has proven useful in the crypto space. The network has eliminated the struggle with oracles in smart contracts. It created a decentralized pool of oracles to provide real-time, accurate information for on-chain transactions. Smart contracts using Chainlink oracles can operate with reliable information. 
A few months back, an analyst Austin Arnold, a crypto analyst, addressed some key factors capable of pushing a crypto project’s value. He aimed to help his 1.24 million YouTube subscribers pick the right crypto to invest in during the raging bearish trend. 
The analysts picked four popular projects, of which Chainlink LINK was the first. According to Arnold, five factors will drive LINK’s future growth after the crypto winter. 
The first is the right team with capable skills in controlling the network. Other factors include adequate funding, strategic partnerships, solutions for real-life problems in blockchains, and network positioning in verticals. 
Related Reading: Bitcoin Whale Selling Pressure Continues As BTC Dips Under $20k
Arnold pointed out that the Chainlink network has these five characteristics. He noted how the Oracle network had improved BNB Chain BNB and Polygon MATIC, showing developers’ adoption. 
Even during the crypto winter bloodbath in the market, Chainlink LINK maintained its price range between $6+ and $8+. It recorded a spike to $9.28 on June 10 but later dipped to $8.05. The lowest price LINK recorded between May to September 16 was $5.97 on July 13 before bouncing back to $6.18 the next day. 
Featured image from Pixabay and chart from TradingView.com


Price fluctuations are a daily occurrence in the crypto markets now. Since the fight against inflation began, the overall financial markets have tanked. Nowadays, asset prices swing without warning, and the continuing crypto winter only heightened the volatility.  The recent event expected to boo...

newsbtc.com

Chainlink (LINK) Performs Well Amidst Market Turning To Red

After showing so much strength as the price rallied to $52, cracking up an all-time high, the price of Chainlink (LINK) saw a decline to its present value of $7 against tether (USDT). Despite the uncertainties about where the market would be headed, only a few have shown strength as Chainlink (LINK) remains in the spotlight. (Data from Binance)

Chainlink (LINK) Token Price Analysis On The Weekly Chart 
LINK saw a decline in its price from its all-time high of $52 to around $6, with an over 70% drop from its all-time high despite having good fundamentals. The price of LINK has since struggled to have a relief bounce from its weekly low.
The price of LINK bounced off after touching a weekly low of $6, and the price rallied to $10 before suffering a setback in price as it faced rejection, and the price has continued to range in this region.
LINK’s price maintained a downtrend structure with a downtrend line acting as resistance for the price of LINK, but this resistance has been broken with what seems to be a glimpse of hope, possibly to the upside of the price.
The price of LINK continues to face resistance to break higher at around $8, a break and close for LINK price in the region of $8-$9 acting as resistance; we could see the price of LINK rally to a high of $10-$12.
If LINK fails to break above these resistances, we could see the price retesting the support at $6, acting as a demand zone for LINK prices.
Weekly resistance for the price of LINK – $8-$9.
Weekly support for the price of LINK – $6.
Price Analysis Of LINK On The Four-hourly (4H) Chart
Four-Hourly LINK Price Chart | Source: LINKUSDT On Tradingview.com
On the four-hourly timeframe, the price of LINK continues to show great strength as the price breaks above the William Alligator indicator showing a possible trend reversal. 
The price of LINK broke to the upside of the indicator with strong volume as the price has continued to hold above the indicator. The three moving averages of the Alligator Indicator support the price of LINK in the 4H timeframe. 
The price of $7.5 that correspond to the indicator acts as a support for the price of LINK, preventing it from retesting lower support on the 4H chart. If the price of LINK fails to hold this support, we could see the price retesting the support at $7.
The Relative Strength Index (RSI) for LINK is above 50 on the daily chart, indicating moderate buy order volume. 
Daily resistance for the LINK price – $9-$10.
Daily support for the LINK price – $7.5-$7.
With LINK getting partnerships and developers continuing to build, this will help the price of LINK hold strong in the current market condition.

Featured Image From NewsBTC, Charts From Tradingview 


After showing so much strength as the price rallied to $52, cracking up an all-time high, the price of Chainlink (LINK) saw a decline to its present value of $7 against tether (USDT). Despite the uncertainties about where the market would be headed, only a few have shown strength as Chainlink (LI...

Chainlink Remain Strong As Alligator Flashes Relief, Is $10 Possible?

Cosmos was once again in the green, as the token moved closer to a four-month high during Friday’s session. Prices rose past a key resistance level during the day, as bullish sentiment continued to rise. Chainlink also traded higher, as prices surged for a third straight session.
Cosmos (ATOM)
Cosmos (ATOM) continued to trade higher on Friday, as the token moved closer to a multi-month high.
ATOM/USD rose to an intraday high of $16.25 in today’s session, pushing prices above a key resistance level in the process.
The aforementioned ceiling is the $16.15 level. The move comes less than 24 hours after prices were trading at a low of $14.40.

Friday’s surge takes the token closer to last Friday’s peak of $17.20, which was the highest point for ATOM since May 9.
As seen from the chart above, the 14-day relative strength index (RSI) is tracking at the 65.00 mark, which has historically been a level of resistance.
If cosmos were to recapture, and surge past last week’s high, then the likelihood of ATOM moving above $17.20 would exponentially increase.

Chainlink (LINK)
Like ATOM, chainlink (LINK) also rose for a third consecutive session on Friday, as bulls continued to push prices toward a key resistance level.
Following a low of $7.07 on Thursday, LINK/USD raced to an intraday high of $7.77 earlier in the day.
This peak pushed the token closer to its long-term price ceiling of $8.05, which is the level LINK was trading at to start the week.

However, following disappointing inflation data from the United States, market volatility rose, sending crypto prices mostly lower.
Today’s surge comes as the 14-day RSI moved past a key obstacle, which in this instance is the 53.95 resistance level.
Bulls will likely continue to target a move above $8.00 this weekend, however it remains to be seen if there is enough momentum in the market to see this through.
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Do you expect chainlink to hit $8.00 this weekend? Let us know your thoughts in the comments.



























Cosmos was once again in the green, as the token moved closer to a four-month high during Friday&#x2019;s session. Prices rose past a key resistance level during the day, as bullish sentiment continued to rise. Chainlink also traded higher, as prices surged for a third straight session. Cosmos (A...

Chainlink price	$7.88
Low - High 24H	$7.63 - $8.06
Market cap	$3.88B
Volume 24H	$749.82M
All time high	$52.70 -85.06% May 10th 2021
All time low	$0.148183 5211.99% November 29th 2017
Genesis date	N/A

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