Claim $500Chainlink ($LINK) Posts 3-Month High After 112% Gains 6-Weks, Here’s What’s Next
Chainlink ($LINK) has soared to a new 3-month high of $33.84 after rising over 112% in the past 6-weeks. The altcoin has recorded a 12% surge over the last 24-hours and the price is also trading above the 200-MA, indicating a bullish resurgence in price.
The altcoin is up 35% over the past week and looks to mimic a similar price pattern as that of Cardano ($ADA) and Solana ($SOL). Many believe the surge in development activity on the blockchain has been one of the key reasons behind the recent surge as the altcoin aims to get near its May all-time-high of $52.88.
$LINK’s development activity has soared accordingly with its price or vice versa. While the rest of the crypto market has experienced a similar bullish price burst, altcoins are leading the current bullish rally with the likes of $SOL, $ADA, and $LUNA posting new ATHs.
Can $LINK Pull a Solana?
During the first bull cycle, different cryptocurrencies with similar use cases grew and rose to new all-time highs. First Bitcoin and Ether rose to new highs then the old tokens from 2017 and the hard fork of Bitcoin. This was followed by the rise in price of NFT tokens and later oracles such as Chainlink. Now that altcoins have started to take charge, it seems Ethereum killers and oracle projects have started to surge.
$LINK has finally broken this resistance on daily $link could fly now 🔥😍🚀✌️🤝#bitcoingem #Crypto #chainlink #cryptocurrency pic.twitter.com/bLkpwBp4ru
— Bitcoingem (@bitcoingem2) September 6, 2021
$LINK has broken past the key range and could see massive upside potential in the coming days. The altcoin is currently 35% down from its ATH, but looking at the rising momentum, it could very well post a new ATH by the end of the year and many even believe it could trade in triple digits by year-end.
The altcoin just flipped Litecoin’s market cap to take the 12th spot on the coinmarketcap rankings and is only $3 billion short of flipping Uniswap to take the 11th spot.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin and Ethereum ETPs See $1B in Outflows as Institutions Rotate into XRP
- Michael Saylor’s Strategy Pauses Bitcoin Buying as Crypto Market Anticipates a ‘Santa Rally’
- Bitcoin and Ethereum Options Traders Turn Slightly Bullish, Santa Claus Rally?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
