LINK, Chainlink’s crypto, is becoming more and more talked about. Indeed, recent developments around the asset seem to have strengthened its attractiveness. A situation which seems to push investors to position themselves in crypto.
In short
- An Ethereum whale invests $4 million in LINK, an operation following which the value of the asset increased by 7%.
- Increased on-chain activity and the improvement in the price of LINK are causing investor optimism.
- Analyst Rootlashbin predicts a notable rise in LINK, which could reach $13 by the end of the year.
An Ethereum whale buys $4 million worth of LINK!
The fact that Chainlink was chosen by Australia for tokenization seems to have strengthened the attractiveness of LINK, its native crypto. The asset’s relevance is so obvious that a large investor in ether (ETH) has committed to it.
Information show that the latter paid $4 million to buy LINK cryptos. These assets, 28 million LINK tokens in total, the investor subsequently transferred to the Binance exchange. Transaction which did not fail to attract the attention of the community.
The latter is engaged in speculation on the potential for an explosion in the price of this asset. And rightly so, since this surprise transaction obviously impacted the valuation of Chainlink’s native crypto.
The price of the latter quickly rose by 7% following this operation. It then partly eroded, the valuation of the asset suffering the perverse effects of the fall of bitcoin to around $26,000. It remains to be seen whether LINK remains promising enough to take off.
What price outlook for LINK crypto?
The LINK crypto has been on an upward trajectory for the past few days. Analysts predict a sustained rise in the price of the asset until the beginning of October. According to them, the evolution of crypto should occur without undergoing any particular correction.
What investors have observed since September 18 is a significant increase in on-chain activity. A surge essentially linked to the impressive improvement in the price of this altcoin which is trading around $7.23, up 9.81% over the past week.
Crypto analyst Rootlashbin believes that LINK would experience a correction, as well as a period of consolidation after hitting around $9 recently. The asset should nevertheless undergo a strong recovery in November.
From this perspective, Rootlashbin sees Chainlink’s LINK experiencing a nearly 100% upside from its current range. The crypto could then reach levels of around $13 by the end of the year. To be continued.
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