LINK is a project that aims to create a new blockchain with a token that will be used as a payment system. As of this analysis LINK is ranked #31 in marketcap, with a total marketcap of $1.5 Billion. LINK is ranked #270 on coinmarketcap, with a total circulating supply of 25,426,832,187. LINK is ranked #64 in terms of volume, traded in last 24 hours $902,900,000. LINK is ranked #79 in terms of circulating supply, with a total supply of 25,426,832,187. LINK is ranked #182 in terms of volume, traded in last 24 hours, $902,900,000. LINK is ranked #186
LINK is a token that is designed for use in the blockchain-based computing network, called NKN. The LINK token was just released at the end of August. It will be circulated on the NKN network for use in consuming and producing services on the network. In this analysis, I will compare LINK to other cryptocurrencies with similar features and how the market will react to this token.
We have just conducted our first LINK analysis and, although the token is down 30% in the last week, it’s still up 30% over the past 30 days. The analysis shows that the price has reached a low of $0.0094 and a high of $0.0135, and that’s our first target.. Read more about chainlink price and let us know what you think.Summary of the situation
- Chainlink’s price analysis highlights the price movement around a persistent resistance level.
- A breakout of the $19.50 resistance level opens the door for further upward trends.
- BarnBridge has partnered with Chainlink Keepers to rebalance the portfolio’s assets.
- A decisive close below the $15.91 support line would invalidate any bullish forecast.
Since June 22 the price of Chainlink has consolidated just above the lowest point of the token range. If Chainlink’s price action intensifies, market participants should expect a huge price jump that will break important resistance in the region. Chainlink’s current bullish outlook fits well with the continued adoption of Chainlink products and crypto assets.
Link Price Analysis: Price Overview
BarnBridge recently announced in the media that they will be using the Chainlink Keeper feature in their new version of SMART Exposure. This new product is designed as an easy way to maintain a constant exposure ratio for a few assets. In general, market participants who believe that one asset will outperform another will hold shares in it. Due to the volatile nature of cryptocurrencies, the SMART Exposure product will automatically rearrange the prices when the value of these cryptocurrencies changes. The new product attempts to achieve this through the Chainlink Keepers feature, which ensures that the required ratio is maintained in the pair.
This product works by sending a signal to the SMART Exposure platform when the asset-to-pair ratio falls below a certain threshold. Once the signal is sent, the platform begins to rebalance the portfolio. BarnBridge says it plans to implement Chainlink price feeds into its Smart Alpha product soon.
LINK Price movements in the last 24 hours
According to the LINK price analysis on the 24-hour price chart, the crypto asset is moving mainly sideways. This price action indicates that there are buyers, but below the current market price. This could be a positive factor for Chainlink’s price development. At the time of this writing, the LINK is selling for approximately $19,258.
Moreover, the 24-hour price chart shows that LINK price action has formed a slight extension in the range of $15.89 to $19.51. Since June 24, the LINK price movement has been consolidating in this area. Although Chainlink’s share price reached this expansion level at 29. In June, the chip fell again.
According to the main technical indicators, the LINK price can only break out of this range if a 4-hour candle closes above the immediate resistance barrier. It’s $19.51. Such a move is likely to push the LINK price towards the $20.51 zone, which was reached on the 29th. June was recorded. In this case, late investors will rush to buy LINK tokens. If this were to happen, the expected buying pressure would push LINK prices to a swing high on the 20th. June at about $22.05. At this level, LINK will likely begin a retest of the $24.60 resistance level. If the bulls continue their assault, Chainlink could settle near the median line at $25.24.
4-hourly timetable LINK
On the other hand, if we look at the LINK price analysis on the 4-hour chart, if the crypto asset fails to consolidate above the $19.51 area, it is likely to pull back towards the $17.29 support level. While this isn’t a positive price action, it gives the Bulls another chance to recover the game.
Should it be otherwise, a potential increase in selling pressure would allow Chainlink to break through the demand barrier at $15.91. Such a move would negate any bullish prognosis and lead the Oracle token to retest the low $14.98 area.
Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The LINK token has been relatively stable over the last few weeks, and the price has been consistently between 30% and 40% of its all-time high. So, is LINK still undervalued? Or has it reached the top of its potential gains? This analysis compares LINK to four other hypothetical cryptocurrencies: Aeon, BOOM, and TEMCO.. Read more about link usdt tradingview and let us know what you think.
Frequently Asked Questions
Is chainlink a good investment 2020?
Chainlink is a good investment 2020. IOTA (MIOTA) price prediction 2020 IOTA (MIOTA) price prediction 2020 is $0.00.
What will chainlink be worth?
Chainlink is currently trading at $0.20 per token, with a market cap of $1.6 billion. What will the price of chainlink be in one year? Chainlink is currently trading at $0.20 per token, with a market cap of $1.6 billion. In one year, Chainlink could be worth $0.40 per token, with a market cap of $2 billion.
Is chainlink on Gemini?
Chainlink is not currently on Gemini.
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