The cryptocurrency market struggled despite great expectations for the coming year. The situation changed dramatically this week with many assets gaining in value. The biggest mover was ChainlinkThe overall market recovery is projected to be $38 with Whales’ purchase of $20 million worth of LINK.
Chainink was one of the most exciting cryptocurrencies in 2025. It appears to be one the major players of the current tokenization trend. pilot project JPMorgan Franklin Templeton and BNY Melon. As the stock market enjoys a reversal now, LINK appears to be one the biggest leaders.
Please Read This: Chainlink to Breakout? LINK Eyes 37% Jump Before January End
Chainlink Eyes $38 as Crypto Market Returns: Where will LINK end January 2025
With the arrival of 2025, digital assets industry had great expectations. While they are expected to happen, it was a rough start for the new year. There were worries about some assets’ potential to recover when the cryptocurrency market liquidated.
Whales bought $20 million worth of LINK, while the market is recovering at $38. According to Santiment, the data shows that large cryptocurrency holders have bought a staggering 1.3 million LINK.
Please Read This: Chainlink Reversal Has Analyst Projecting LINK to $30: But When?
Chainlink continued to grow as a result. Its recovery outperformed Bitcoin, Ethereum and Solana. According to a report, in the past 24 hours the token has gained 10%. CoinMarketCap. This is an enormous difference to the decline of 30% that occurred over the past 30 days.
This certainly seems to be on the right track, or at least some price estimates that are optimistic. Among them are CoinCodex. Specifically, cryptocurrency price projection platform predicts LINK will target $34 at the end of the month. This would mean a 67% return on investment from the current price.
Chainlink’s gains will not likely stop there. Instead, it projects that the platform will reach a high of $38 in February. Moreover, it expects the current high to last until April when the market reaches a $522 record high.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
