{"id":179515,"date":"2023-10-23T20:48:33","date_gmt":"2023-10-23T15:18:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/chainlink-price-prediction-link-leads-altcoins-rally-crypto-news\/"},"modified":"2023-10-23T20:48:37","modified_gmt":"2023-10-23T15:18:37","slug":"chainlink-price-prediction-link-leads-altcoins-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chainlink-price-prediction-link-leads-altcoins-rally-crypto-news\/","title":{"rendered":"Chainlink Price Prediction: LINK Leads Altcoins Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"p1\">Chainlink (LINK) is among the best-performing altcoins up 6.6% in the last 24 hours, 30% in seven days, and 40% over the last 30 days. The leading blockchain oracle token\u2019s uptrend is backed by a massive increase in trading volume to $1.58 million and $5.5 billion in market cap.<\/p>\n<h2 class=\"p1\">Chainlink Price Breaks Out of Consolidation<\/h2>\n<p class=\"p1\">Following months of trading below a long-standing falling trendline, LINK made the final bounce off support at $5 in June, however, market doldrums continued with the crypto space dealing with low levels of liquidity and volatility.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">The bullish wave that traversed the crypto market last week amidst fake news about the approval of a spot Bitcoin exchange-traded fund (ETF), saw\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/chainlink\/\"><span class=\"s1\">Chainlink price\u00a0<\/span><\/a>regain momentum and step above two uptrend-determining levels\u2014the 21-week Exponential Moving Average (EMA) (red) and the descending multi-month trendline.<\/p>\n<p class=\"p1\">As LINK climbed above resistance at $7.5, investor confidence improved significantly which explains the engulfing weekly bullish candle on the weekly chart.<\/p>\n<figure id=\"attachment_162213\" aria-describedby=\"caption-attachment-162213\" style=\"width: 2678px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg\"><noscript><img decoding=\"async\" fetchpriority=\"high\" class=\"size-full wp-image-162213\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg\" alt=\"LINKUSD price prediction chart\" width=\"2678\" height=\"1320\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg 2678w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-300x148.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1224x603.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-768x379.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1536x757.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-2048x1009.jpg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-150x74.jpg 150w\" sizes=\"(max-width: 2678px) 100vw, 2678px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-162213\" class=\"wp-caption-text\">LINK\/USD weekly chart | Tradingview<\/figcaption><\/figure>\n<p class=\"p1\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/chainlink-price-prediction-as-buyers-shatters-500-days-barrier\/\">Chainlink price currently sits on top of all three bull market<\/a> indicators starting with the 21-week EMA (red), the 100-week EMA (blue), and the 200-week (EMA) (purple).<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">The Moving Average Convergence Divergence (MACD) reinforces the bullish outlook with a buy signal sent in mid-September. Movement into the positive region above the 0.000 neutral area validates LINK\u2019s uptrend.<\/p>\n<p class=\"p1\">For the uptrend to continue, support at the 100-week EMA \u2014 $0.94 must hold, otherwise profit-booking could take precedence as traders seek to safeguard the gains accrued in the last 30 days.<\/p>\n<p class=\"p1\">A break above the immediate resistance at $10 may call for FOMO as investors rush to position themselves for the next bullish move to $15 and $20, respectively.<\/p>\n<h2 class=\"p1\">Chainlink Whale Transactions See 3-Month Highs<\/h2>\n<p class=\"p1\">Leading blockchain analytics platform Santiment revealed during the weekend that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/chainlink-price-prediction-as-whales-go-on-a-buying-spree\/\">Chainlink\u2019s network activity is on the rise<\/a>, with the protocol \u201cseeing 3-month highs in whale transactions, unique interacting addresses (active addresses), and trading volume.\u201d<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">According to on-chain analysts at Santiment, altcoins like LINK have benefited immensely from the \u201credistribution of Bitcoin.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd17\ud83e\udd73 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&#038;ref_src=twsrc%5Etfw\">#Chainlink<\/a> is on a tear this weekend, with the network seeing 3-month highs in whale transactions, unique interacting addresses, and trading volume. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> have been benefiting from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> redistribution, but <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> has been a particular standout. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lxlb8SmzKL\">https:\/\/t.co\/lxlb8SmzKL<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Yaw5qyV8jL\">pic.twitter.com\/Yaw5qyV8jL<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1715901576274149560?ref_src=twsrc%5Etfw\">October 22, 2023<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">Chainlink continues to lead other altcoins in following in the footsteps of\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-price-prediction-as-speculation-for-spot-etf-soars-is-btc-invalidating-the-bearish-fractal\/\"><span class=\"s1\">Bitcoin price<\/span><\/a>\u00a0as it approaches its next uptrend-determining level at $31,000. \u201c$LINK, $MATIC, $UIP, $APT, and $AAVE are all seeing their best-performing decouplings of 2023,\u201d\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1716268638557323715\"><span class=\"s1\">Santiment analysts said via X (Twitter)<\/span><\/a>.<\/p>\n<p class=\"p1\">Meanwhile, the Chainlink ecosystem continues to grow into the most significant oracle solutions provider in the crypto industry, particularly the decentralized finance sector which relies heavily on smart contracts.<\/p>\n<p class=\"p1\">Projects stream into the ecosystem consistently to tap the live price feed solutions developed by Chainlink such as Pop \u2014 the latest protocol to join \u201cChainlink Build\u2026, which helps support the security and use of Web3-based social media.\u201d<\/p>\n<p class=\"p1\">On the other hand, Pop Social commits \u201cmake 3% of its total native token supply available to Chainlink service providers, including stakers.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udfd7\ufe0f <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ChainlinkBUILD?src=hash&#038;ref_src=twsrc%5Etfw\">#ChainlinkBUILD<\/a> \ud83c\udfd7\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/popapp_official?ref_src=twsrc%5Etfw\">@popapp_official<\/a> is joining Chainlink BUILD to gain enhanced access to Chainlink&#8217;s industry-leading oracle services and technical support, which helps support the security and use of Web3-based social media.<\/p>\n<p>In return, Pop Social will make 3% of its total\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UYnipQvFCO\">pic.twitter.com\/UYnipQvFCO<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink\/status\/1716454597894488320?ref_src=twsrc%5Etfw\">October 23, 2023<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">Chainlink on its part will ensure that Pop Social receives important benefits such as the integration and access to the network\u2019s VRF to support the generation of NFT rarity factors and functions for aiding in the analysis of on-chain data as well as \u201cCCIP for moving digital assets between chains.<\/p>\n<h3 class=\"p1\">Related Articles<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/chainlink-price-prediction-link-explodes-to-10-as-network-activity-skyrockets-to-3-month-highs\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/chainlink-price-prediction-link-explodes-to-10-as-network-activity-skyrockets-to-3-month-highs\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div 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                                             \n                                       <\/div>\n\n \n--><\/p>\n<p>John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD162212\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/mercedes-benz-to-release-nft-collection-with-fingerprints-dao\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink (LINK) is among the best-performing altcoins up 6.6% in the last 24 hours, 30% in seven days, and 40% over the last 30 days. The leading blockchain oracle token\u2019s uptrend is backed by a massive increase in trading volume to $1.58 million and $5.5 billion in market cap. Chainlink Price Breaks Out of Consolidation [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":179516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-179515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179515"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179515\/revisions"}],"predecessor-version":[{"id":179517,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179515\/revisions\/179517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179516"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}