CryptocurrencyPrice Analysis

Chainlink (LINK) outshined top 20 coins as surged by nearly 14%

The LINK coin is outshining all major coins and remained top in the first twenty coins of the crypto markets. The Chainlink has been surged by almost 13.36% in the past 24 hours against the bitcoin which moved only 5% in the upward direction.

Chainlink has attained an achievement as it breaks the previous record that happened in December 2018. The five days performance of the LINK coin is stunning as it increased by 24.02% and remained the top performer coin as seen in the given graph.

The coin has also crossed the 30-days moving average means it is entering into long term bullish zone. It is currently standing at $2.24 that is also acting as a resistance level.

Chainlink News

The partnership of Chainlink with the 2Key Network is the main reason for the price rally. The partnership made on Jan.3 and the green candles started to make from Jan.3, it means, both are interrelated.

LINK Coin Statistics

24-hours Volume: $191,199,889 USD   

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Total Market Cap: $792,554,310 USD

Circulating Supply: 350,000,000 LINK

Total Supply: 1,000,000,000 LINK

ChainLink Weekly and Monthly Performance

The performance of the Chainlink in the past seven days remained outstanding and breaks its previous records. The presence of the trend line of the coin in the green zone from the past seven days signals the good move in the future. In the past seven days, the value jumped from $1.82 to the current mark of $2.24.

The monthly data of the LINK shows that value surged by 9.36% in the past 30-days. On Dec.8, the value was recorded $2.04 and now, it is clinging to $2.24 that means monthly behavior is also appreciable.

Chainlink Price Prediction

As we have witnessed on Nov.14 that price was hovering at $3.03, the current direction also seems to be moving towards $3. The current mark is also behaving as a resistance level but is not a great hedge for the token. This resistance is vulnerable to be broken by the bullish move that is currently active. The end goal of this rally seems to be $3.

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Conclusion

The trend line of the Chainlink is submerged with green candles predicting a long term bullish rally. The company’s partnership with the 2Key Network is considered to be the main reason behind this great surge. The traders and investors have more expectations from Chainlink.

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Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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