Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Investing in Cryptocurrencies: Rollblock (RBLK) vs. Cardano (ADA) and Chainlink (LINK)
Within the crypto market, Rollblock (RBLK), Cardano (ADA) and Chainlink (LINK) have emerged as top altcoins to watch. However, one of them stands out – Rollblock. This Stage 2 presale sensation has already provided early buyers a 20% ROI. Moreover, market analysts have pegged this rookie as the next $0.5 altcoin in 2024. Keep reading to see why. Rollblock (RBLK): A Future Member of the Top 10 Altcoins Rollblock (RBLK) has been making headlines in the crypto market with its…
1 year ago
Chainlink Breaks Out of Consolidation: Will the LINK Price Make It to $20 Following the Smart NAV Pilot Program?
The post Chainlink Breaks Out of Consolidation: Will the LINK Price Make It to $20 Following the Smart NAV Pilot Program? appeared first on Coinpedia Fintech News Bullish sentiments have flown within the crypto space as the star crypto, Bitcoin, has displayed some strength. Altcoins have also remained elevated since the previous trading day, with memecoins leading the race and now popular tokens receiving some attention. After remaining in extreme bearish consolidation, Chainlink’s (LINK) price has triggered a bullish breakout,…
1 year ago
Major Success For Chainlink: US Banks’ Pilot Program Propels LINK Price Up 6%, Details
The Depository Trust and Clearing Corporation (DTCC) has partnered with blockchain oracle Chainlink and several prominent banking institutions in the United States to conduct a successful pilot aimed at accelerating the tokenization of funds. The collaboration has not only paved the way for the adoption of blockchain technology in the traditional asset management sector but has also had a significant impact on the price of Chainlink’s native cryptocurrency, LINK, which has surged past the $14 threshold. Major Asset Managers Join…
1 year ago
Chainlink’s Development on the Rise: What It Signals for LINK Investors
Chainlink leads real-world asset crypto projects in development activity, signaling a bullish future. The increasing Total Value Locked (TVL) in RWA tokenization projects underscores growing investor trust and market liquidity. In a recent CNF update, Chainlink has been highlighted as the leader in real-world asset crypto projects, boasting 2.49 times more activity than its closest competitors over the past 30 days. This surge in development activity, as noted by analysts, positions Chainlink for a bullish trajectory, despite experiencing a 5%…
1 year ago
Chainlink’s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface
Chainlink’s LINK price is struggling to surpass the $13.80 resistance. The price could continue to move down if it breaks the $13.00 support. Chainlink price is showing bearish signs below the $14.00 resistance against the US dollar. The price is trading below the $13.60 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could…
1 year ago
Chainlink (LINK) Rejects $14.65 Resistance Traders On High Alert
The post Chainlink (LINK) Rejects $14.65 Resistance Traders On High Alert appeared first on Coinpedia Fintech News Chainlink(LINK) on Wednesday started red, with a price down to 4.26% LINK has formed a downward trajectory. Breaking one strong support at $14.2 and a crucial support at $14.17 downtrend continues to settle at $13.8, Currently. Bulls are on alert as the price navigates to seek support between $12- $13. The LINK/USDT 4-hour chart gives a bounceback outlook with strong strong support. The…
1 year ago
Chainlink (LINK) Is The Best Bet Altcoin Right Now! Here’s Why
The post Chainlink (LINK) Is The Best Bet Altcoin Right Now! Here’s Why appeared first on Coinpedia Fintech News After being trapped in a market correction in the past few weeks, Chainlink (LINK) price has established a solid support range between $12 and $13. The mid-cap altcoin, with a fully diluted valuation of about $15 billion, has rebounded more than 6 percent in the past two weeks to trade around $14.8 on Monday during the early New York session. However,…
1 year ago
Chainlink Bull Run Incoming? Most Recent LINK Price Predictions
TL;DR Chainlink’s LINK is poised for a rebound from its current $14 price, indicated by a positive TD Sequential buy signal. Prominent analysts forecast significant returns for the asset, supported by favorable on-chain metrics suggesting a bullish move. LINK Price Predictions Chainlink’s native cryptocurrency – LINK – is yet another digital asset that suffered the negative consequences of the latest market correction. Its price is down nearly 8% in a week, currently hovering at the $14 mark. According to some…
1 year ago
Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average
On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that tracks the ratio between LINK’s market cap and realized cap. The market cap naturally refers to the total…
1 year ago