Chainlink is enjoying a good run of positive performance over the last 24 hours. The stock has risen 9%, reversing an 8% drop in 7 days. LINK even beats out Bitcoin and Solana, as cryptocurrencies are looking to bounce back ahead of Donald Trump’s inauguration. In anticipation of the new administration, investors are flocking to coins such as DOGE, SOL and BTC. LINK is the most popular of all.
The price of Chainlink (LINK), which is a cryptocurrency, surpassed $20 on Tuesday. This was a result of the huge boost the cryptomarket received. Last week, crypto-whales also bought in to LINK’s drop, and they are now reaping profits from the recovery. The market has also been buoyed by the expectation of crypto-friendly policies under the new administration. This includes a zero-tax proposal on US-based cryptocurrency projects, and approval for crypto-related ETFs.
Chainlink’s recent whale accumulation bolsters a bullish outlook for the coming week. Recent rebounding from 20,36 signals buyers regaining control of bears on the market. This pivotal point is where LINK currently tries to consolidate. If the asset stays above this point then a rise to $25 is imminent.
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Chainlink LINK is expected to continue its development in the coming months. Cryptocurrency market prediction platform CoinCodex The platform is one of the most positive about the performance of the cryptocurrency in January 2025. The platform predicts that the average monthly price will be $23. It also projects a price maximum of $27 by the end of the month. This would be a rise of over 36%.
CoinCodex has even more ambitious projections than those for January. CoinCodex projects LINK will reach a price of $35 by February, 66% higher than its current $20. The platform expects LINK to hit a price of $35 in February, up 66% from $20.
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Source: watcher.guru
