Chainlink (LINK), which has been on a steady upward trend for the past seven days, continued to climb 25% in the charts. LINK’s price has risen nearly 100% over the past 30 days, according to forecasts. This altcoin has become a favourite among crypto whales. Its price expectations have now exceeded $60.
An analyst has predicted that Chainlink’s price could rise as high as $60 after LINK experienced a 5% increase in the last 24-hours. Alan Santana believes that this price surge will happen by the end of 2024, if LINK continues to follow several key indicators. Santana points out that LINK is a key indicator. “immediate resistance” There are two levels to be reached: $32 and 35. Crypto’s next level is $47, and then $53. Altcoins will reach $61 if they surpass $53, which is a 200% gain.
Ali Martinez, another market analyst, has a more cautious view on Chainlink. Martinez claims that LINK could reach $34 if it reaches the $30.40 mark and maintains this level. Chainlink is able to reach $34 by following the current altcoin boom and Bitcoin’s increase.
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BTC reached $105,000 Monday and helped the crypto-market to surge higher. Chainlink, along with other crypto currencies, rise and fall in tandem with Bitcoin. LINK’s whale buying has increased. According to LookOnChainThe whale wallet bought 175,424 Coins for $4.94 Million on 12th December 2024. LINK’s price surpassed $30 earlier today. Interest in the project reached a record high of $860,000,000. It would be very impressive if LINK rose by 200% in just two weeks in the last two weeks of 2020, even if BTC’s price increased further in 2024.
Analysts at CoinCodex predict that LINK’s price will reach $41.55 by January 17, 2025. Platform also predicts that the asset will reach a new high of $63.08 by February 21, 2025. A price increase of 136.52% is required to reach the $63.08 mark from the current levels. The consensus seems to be that LINK’s price will not reach $60 until 2024. But, by 2025, this is definitely possible.
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Source: watcher.guru
