ChainLink Coin Achieves 100% Price Increase in 2020
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Answer ChainLink Coin Achieves 100% Price Increase in 2020
When you look at Coinmarketcap.com and scroll down the page, you will find most of the coins suffering losses in the last 24 hours, with the exception of ChainLink which at the time of writing is up 2.03% in the last 24 hours.
Where Bitcoin faced a significant decline yesterday, its price reached $ 9,009, to rebound today above $ 9,200, but despite the movement of Bitcoin in a bear market, ChainLink coin seems to have completely decoupled from the effects of Bitcoin.
This was confirmed by Twitter user @MatiGreenspan:
All Markets: AAAAAAAAHHHHHHHHHHHHH!
Link: Which bear market? pic.twitter.com/sdh1HzFsOB
– Matti Greenspan (Tweets are not commercial advice) (@MatiGreenspan) 25 June 2020
Read:Learn about one of the main reasons why the price of Cardano ADA is soaring!
ChainLink price increase by 100% in 2020:
On May 4th of this year, LINK coin achieved its largest ever recorded value of $4.95 thanks to an increase in the number of coin holders and traders.
The popularity of ChainLink coin has led to more investors buying and holding it.
ChainLink coin started in 2020 at a price of about $1.95, to rise in price and reach the time of writing this article to $4.70, which means an increase of more than 100%.
Not only is the coin price up 100%, but the number of LINK holders has also gone up 100% since the beginning of the year, which the Glassnode team found when they analyzed LINK addresses.
In addition, there are over 160,000 digital addresses and wallets holding LINK coin at the time of writing this article.
the number of $ . link Token holders continue to see a steady increase in 2020.
There are currently more than 160,000 titles with LINK – a 100% increase since the beginning of the year.
Live graph: pic.twitter.com/BPp65NaNU2
Read:FTX CEO Predicts How GBTC Opening Could Affect Bitcoin?
– glassnode (glassnode) 25 June 2020
What’s next for ChainLink coin:
As shown by Tradingview’s LINK/USDT daily chart, posted by Source The following was observed:
- ChainLink is clearly in bullish territory as its value is above the 50 day, 100 day and 200 day moving averages.
- The trade volume is green with the MACD indicator also indicating some upside.
- LINK has short-term resistance at $4.85 and the previously mentioned high of $4.95.
- In terms of short-term support areas, the currency has support at $4.55, $4.37, $4.21, $4.05 and $3.96.
In conclusion, ChainLink coin appears to be in a clear bullish zone and could be preparing to try to achieve higher value than previously achieved.
Read:The exit of Bitcoin (BTC) and the entry of Tether (USDT) in large quantities to and from the Huobi platform … What are the reasons for this?
But it is not a recommendation, we advise traders and investors to watch any sudden movements, in addition we recommend risk management such as using stop loss when trading the currency.
Read also:
Cardano outperforms EOS, Tezos, and Chainlink, up 70% in price
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