2024

Polkadot

Chainlink

<div class="finbold">
 <p class="paragraph">Chainlink (LINK), a decentralized blockchain oracle network, has been gaining traction recently due to innovative developments within its ecosystem. This momentum recently translated into a notable <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increase, with LINK reaching a six-week high of nearly $18.</p>
 <p class="paragraph">However, LINK recently faced a setback after encountering resistance. Currently trading 23% below its yearly high of $22.85 reached in March, analysts are debating whether this is a correction or the beginning of a new upward trend</p>
 <p class="paragraph">To shed light on this, Finbold consulted artificial intelligence (AI) that leverages machine learning algorithms to predict LINK’s potential valuation at the end of the month.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-ai-predictions-and-market-sentiments">AI predictions and market sentiments</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="360" src="https://cdn.thebittimes.com/images/2024/06/04/179ff100934eac29de66a4c727ef175d.webp" alt="" class="wp-image-180860" srcset="https://cdn.thebittimes.com/images/2024/06/04/179ff100934eac29de66a4c727ef175d.webp 1024w, https://cdn.thebittimes.com/images/2024/06/04/179ff100934eac29de66a4c727ef175d.webp 300w, https://cdn.thebittimes.com/images/2024/06/04/179ff100934eac29de66a4c727ef175d.webp 768w, https://cdn.thebittimes.com/images/2024/06/04/179ff100934eac29de66a4c727ef175d.webp 1270w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>LINK&nbsp; <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> prediction. Source: CoinCodex</em>
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 <p class="paragraph">AI algorithms predict a bullish future for LINK’s short-term prospects. <em>CoinCodex</em> forecasts a potential 15% increase in Chainlink‘s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to $20.50 by June 30th, despite a Greed Index of 73 indicating a potentially overheated market.</p>
 <p class="paragraph">Fueling this bullish atmosphere further, discussions and positive sentiment surrounding Chainlink are trending on Reddit.</p>
 <h2 class="wp-block-heading" id="analysts-see-long-term-potential">Analysts see long-term potential</h2>
 <p class="paragraph">Crypto analyst <em>Poppe</em> also sees bullish potential for LINK. His <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> suggests a possible 300% increase against Bitcoin (BTC) by 2025, with a key breakout point after LINK/BTC surpasses $0.000447.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#Chainlink woke up from the crucial area of support.<br><br>Likely, there's going to be continuation and the low is in. <br><br>From this point, I wouldn't be surprised with at 150-300% <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increase. pic.twitter.com/ulweEUpAYV</p>— Michaël van de Poppe (@CryptoMichNL) May 27, 2024
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 <p class="paragraph">Additionally, Poppe predicts LINK could reach $25 or even $30 in the near future, although it may face resistance at $21 first.</p>
 <p class="paragraph">As of press time, LINK was trading at $17.84, with a 24-hour decrease of almost 0.97%. Over the past month, the cryptocurrency has gained about 30%.</p>
 <p class="paragraph">Overall, with bullish sentiments dominating LINK, the token’s bulls must sustain the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> above the $17 support to realize steady upward momentum.</p>
 <p class="paragraph">However, given the inherent volatility of cryptocurrencies, conditions can change rapidly. It is crucial for investors to perform comprehensive research and consider all factors before making any investment decisions.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-sets-chainlink-link-price-for-june-30-2024-tbt91358.html">https://thebittimes.com/ai-sets-chainlink-link-price-for-june-30-2024-tbt91358.html</a></p>

AI sets Chainlink (LINK) price for June 30, 2024

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