Chainlink ($LINK) Crypto Forecast: Up 5.4% Today

What is Chainlink?

Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with real-world data.

Why is Chainlink going up?

LINK crypto is up 5.4% on Jun 30, 2024 22:35

• Submission to list futures contracts for Chainlink and other altcoins could have boosted investor confidence in LINK's future potential, leading to increased buying pressure.
• Chainlink leading ERC-20 projects in recent development activity may have highlighted the project's strong fundamentals, attracting more interest from traders.
• Anticipation of Coinbase offering futures on popular altcoins, including LINK, might have created a positive sentiment around the token, driving up its price.
• The combination of positive developments in the cryptocurrency space and market sentiment regarding Coinbase's initiatives likely contributed to LINK's bullish movement today.

LINK Price Chart

LINK News

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

https://dailyhodl.com/2024/06/30/coinbase-submits-filings-with-cftc-to-list-futures-contracts-for-chainlink-shiba-inu-and-three-other-altcoins/

5 Real World Assets (RWA) Altcoins to Trade in July 2024

5 Real World Assets (RWA) Altcoins to Trade in July 2024

https://beincrypto.com/rwa-altcoins-to-trade-july/

Coinbase to Offer Futures on Popular Altcoins, Including Shiba Inu and Avalanche

Coinbase to Offer Futures on Popular Altcoins, Including Shiba Inu and Avalanche

https://beincrypto.com/coinbase-derivatives-market/

Decentralized Oracle Network Chainlink Leads ERC-20 Projects in Terms of Recent Development Activity: Santiment

Decentralized Oracle Network Chainlink Leads ERC-20 Projects in Terms of Recent Development Activity: Santiment

https://dailyhodl.com/2024/06/29/decentralized-oracle-network-chainlink-leads-erc-20-projects-in-terms-of-recent-development-activity-santiment/

Coinbase and market sentiment – Here’s what can save LINK’s price!

Coinbase and market sentiment – Here’s what can save LINK’s price!

https://ambcrypto.com/coinbase-and-market-sentiment-heres-what-can-save-links-price/

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Chainlink Price History

29.05.2024 - LINK Crypto was up 5.0%

• The launch of CFTC-regulated futures trading for 5 altcoins including LINK may have initially spurred positive momentum.
• However, a decline in LINK's value could be linked to large investors holding onto their assets, resulting in reduced demand.
• Additionally, the introduction of LINK futures by Coinbase might have intensified selling pressure, with traders capitalizing on potential market fluctuations.
• Although a bullish trend was indicated by a golden cross, prevailing market sentiment and investor actions seem to have outweighed favorable developments, driving LINK's bearish movement.

28.05.2024 - LINK Crypto was up 5.1%

• Chainlink's bullish movement can be attributed to the activation of its data streams on the Avalanche blockchain, enhancing its utility and expanding its ecosystem.
• Analysts predicting a $25 target for Chainlink could have sparked investor optimism and buying interest, further driving up the price.
• The launch of Chainlink's Data Streams product on the Avalanche Network signifies continued growth and adoption within the blockchain industry, attracting more attention and investment into the project.
• Despite Binance delisting major cryptocurrencies, including Chainlink, the positive developments and partnerships with Avalanche and GMX V2 seem to have outweighed any potential negative impact, leading to LINK's strong bullish performance.

25.05.2024 - LINK Crypto was up 6.0%

• Short-sellers of Chainlink risk exposing $12 million if the price revisits $15, indicating a strong bullish sentiment in the market.
• The price of Chainlink has increased by more than 5% within 24 hours, reflecting positive investor sentiment and demand for the token.
• Analysts are suggesting a $25 target for Chainlink, hinting at potential further upside and a major breakout in the near future.
• Despite concerns about a potential crash triggered by the unlocking of $264 million worth of LINK tokens sent to Binance, the market seems to be shrugging off these worries and maintaining its bullish trajectory.

25.05.2024 - LINK Crypto was up 5.2%

• Chainlink's bullish movement today can be attributed to analysts suggesting a $25 target, indicating positive sentiment and potential for a major breakout.
• The unlocking of $264 million worth of LINK tokens could have injected liquidity into the market, driving up demand and pushing prices higher.
• Despite concerns about a potential crash to $10 due to the large token unlock, the overall market sentiment seems to be focused on the bullish indicators and upside potential for Chainlink.
• The abrupt movement of over $256 million in LINK tokens to crypto exchanges within 24 hours might have created short-term volatility but ultimately contributed to the overall positive momentum of the asset.

25.05.2024 - LINK Crypto was up 6.8%

• The bullish movement in Chainlink (LINK) today could be attributed to the unlocking of $264 million worth of tokens, signaling confidence in the project and potentially attracting more investors.
• The sudden surge in Chainlink's price may also be fueled by the positive technical indicators showing an upside break, further boosting investor sentiment.
• The significant amount of LINK tokens being sent to crypto exchanges in just 24 hours might have caused some initial confusion in the community, but ultimately contributed to the increased trading volume and price appreciation.
• Despite concerns raised about a potential crash to $10 due to the large token unlock, the overall market sentiment seems to be bullish, supported by the positive news and indicators surrounding Chainlink.

25.05.2024 - LINK Crypto was up 8.1%

• The significant amount of LINK tokens sent to a major exchange could have initially raised concerns about a potential market crash, but the bullish indicators and upside break signal likely reassured investors, leading to increased buying pressure and driving the price higher.
• The abrupt transfer of over $256 million worth of LINK tokens to crypto exchanges within a short period may have caused some short-term volatility, but the overall positive sentiment around Chainlink's bullish indicators overshadowed this activity.
• The confusion within the Chainlink community regarding whale activity might have briefly impacted sentiment, but the strategic partnership announcement by a crypto platform could have contributed to the positive market movement by enhancing CeFi-DeFi liquidity and attracting more investors to the project.

25.05.2024 - LINK Crypto was up 5.6%

• An abrupt transfer exceeding $256,000,000 in Chainlink (LINK) to cryptocurrency exchanges within a single day likely ignited a bullish trend, signifying heightened trading activity and potential buying impulses.
• Community uncertainty surrounding substantial transactions in Chainlink (LINK) may have incited speculation and intensified curiosity about the token, propelling its upward trajectory.
• The publicized collaboration by Coincall aimed at enhancing CeFi-DeFi liquidity could have favorably impacted investor confidence in Chainlink (LINK), showcasing a broader ecosystem and utility for the project.
• Increased visibility from a notable trader, renowned for predicting growth in projects like Avalanche and Chainlink, pivoting attention towards a new DeFi venture, likely amplified the focus on Chainlink (LINK) and its future potential, resulting in a surge in its valuation.

22.05.2024 - LINK Crypto was up 5.0%

• The bearish movement in Chainlink today could be attributed to the unlocking of 21 million LINK tokens worth $295 million from its non-circulating supply, potentially adding selling pressure to the market.
• Insights suggesting a further dip ahead for Chainlink's price may have influenced traders to sell off their positions, contributing to the bearish movement.
• Despite the negative sentiment, a recent decision regarding Ethereum injecting hope in altcoin investors could lead to a shift in market sentiment, potentially impacting Chainlink's price in the near future.
• The mixed signals in the crypto market with increased volatility might have also played a role in triggering profit-taking and further exacerbating the bearish movement in Chainlink today.

22.05.2024 - LINK Crypto was up 5.1%

• The bearish movement in Chainlink today could be attributed to the unlocking of 21 million LINK tokens worth $295M from its non-circulating supply, potentially increasing selling pressure on the asset.
• The slipping price of Chainlink signaling a further dip ahead might have been influenced by market sentiment and profit-taking by traders.
• The overall market volatility surge recently could have also contributed to the downward pressure on LINK, as investors may have been more risk-averse towards altcoins like Chainlink.
• The anticipation of a potential recovery in LINK price in June might offer some hope for investors, but market conditions and external factors will play a crucial role in determining the asset's future movement.

19.05.2024 - LINK Crypto was up 7.7%

• The integration of Chainlink's CCIP as a cross-chain interoperability standard by Mode likely boosted confidence in LINK's utility and adoption, contributing to its bullish movement.
• Chainlink's price rise of more than 5% in 24 hours could be attributed to growing interest and positive sentiment surrounding the project, as well as potential technical factors.
• Amidst discussions about the future of altcoins and key moves by exchanges like Binance, investors may have been encouraged to hold onto LINK as a promising asset, further fueling its upward trajectory.
• Speculation about Chainlink potentially breaking out in the next 30 days could have also attracted traders looking to capitalize on potential price movements, adding to the positive momentum of the token.

19.05.2024 - LINK Crypto was up 5.3%

• Chainlink's price surge of more than 5% in the last 24 hours is likely fueled by positive market sentiment and increased demand for decentralized oracle solutions.
• The anticipation of a potential breakout in the next 30 days for Chainlink could be driving investor optimism and attracting more buyers to the market.
• The decision to move the spot Ethereum ETF launch date may have indirectly benefited Chainlink, as it is projected to soar alongside other Ethereum-based coins, contributing to LINK's bullish movement.
• Despite recent altcoin sell-offs, the advice to hold onto altcoins, including Chainlink, may have instilled confidence in investors, leading to increased buying activity and pushing LINK's price higher.

19.05.2024 - LINK Crypto was up 5.1%

• Chainlink (LINK) experienced a strong bullish movement today, possibly driven by positive sentiment and anticipation in the market.
• Speculation on LINK's potential breakout in the next 30 days could have fueled investor optimism and contributed to the upward momentum.
• The recommendation to hold onto altcoins despite a recent sell-off may have also influenced traders to maintain their positions in LINK.
• The projection of LINK to soar alongside Ethereum coins due to the delayed launch of a Spot Ethereum ETF could have further boosted confidence in LINK's future performance, amidst market uncertainties caused by institutional investors pulling out funds from other cryptocurrencies.