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AltcoinCryptocurrencyPrice Analysis

Chainlink now resides at the month’s highest value: Surged 56% in just one month

Chainlink is surged by 7.47% in the past 24-hours and left behind the major coins including bitcoin in the short-term rally: maintaining its position in the top 20 in the short-term trend. The coin is very progressive when comes to the question of ROI: 1,763.57%.

Comparison

The performance of the coin in the previous five days is outstanding as it surged by almost 20%. The rise by 20% in just five days clues about the bullish trend and the coin seems to enter into a long-term bullish zone.

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Chainlink is included in the list of top performers of the month: LINK surged by almost 56% in the thirty days. On Dec.27, the token was standing at $1.86 which then touched the mark of $2.87 on Jan.17. Currently, LINK has topped the 30 days highest value at $2.92.

Price Value of Chainlink

The price value of the Chainlink at the time of writing is $2.92 with an upsurge of 7.47% in the past 24-hours.

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Coin Statistics

Market Cap: $1,020,730,568 USD

24-hours Volume: $182,367,662 USD

Circulating Supply: 350,000,000 LINK

Total Supply: 1,000,000,000 LINK

Chainlink Price Prediction

If look at the monthly movements of the token, it reveals that LINK progressed gradually-not abruptly. The volatility rate is very low that gives the signal of an uptrend.

The resistance point that may hinder the trend line is residing at $3.06; the hedging level above the $3 is showing that the next target of the token is $3-a great achievement.

Chainlink News and Events

The task force ‘EMINENT’ of the Enterprise Ethereum Alliance (EEA) will, now, starts with Chainlink. Sergey Nazarov, the Co-Founder of Chainlink, said:

We’re excited to work closely with the EMINENT Task Force to continually push the boundaries of what’s possible in public blockchain environments. Developing mainnet integration standards that take into account the specific challenges of enterprises is key to the EMINENT Task Force being able to leverage the unique advantages of public blockchains, while seamlessly and securely incorporating their current systems of record and key data sources.

Conclusion

Chainlink is outperforming the major tokens in the daily run and also in the monthly run. LINK has gained the top value of the 30-days and also keep on increasing as the technical signals support the uptrend on the part of the token.

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