'LINK Is On Fire Baby, Let's Go $20': Analysts Get Stoked As Chainlink Rallies 8%
Portfolio Pulse from Khyathi Dalal
Chainlink (LINK) has seen a significant interest from whales, with a 7 million LINK accumulation worth $105 million in the past week. An unknown wallet withdrew over 348,000 LINK from Binance, indicating active trading and potential re-accumulation. Analysts are bullish, with predictions of the price reaching $20. LINK's price increased by 7.9% over the past week and 11.4% over the past month, with a recent peak at $17.54. The number of LINK holders has also grown slightly.
December 28, 2023 | 10:12 pm
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Chainlink (LINK) has experienced significant whale activity and analyst optimism, leading to an 8% rally with predictions of further increases. The token's trading volume has surged, and the number of holders is growing.
The accumulation of LINK by whales and the positive sentiment from analysts suggest a strong bullish trend. The increase in trading volume and holder count further supports the potential for short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100