bullish

Chainlink

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-achieves-remarkable-gains-with-increased-retail-interest/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Achieves Remarkable Gains with Increased Retail Interest</a><br></p>
<p style="text-align: justify">Chainlink has emerged as one of the top-performing <a href="https://en.coin-turk.com/analyst-predicts-significant-gains-for-near-protocol-and-dogwifhat/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>, achieving a remarkable 45% gain on the weekly chart. The <a href="https://en.coin-turk.com/chainlink-records-significant-price-increase-in-24-hours/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LINK</a> price has risen to $26.7 for the first time since January 2022, breaking through the critical $20 resistance level. On-chain data indicates that this surge occurred without significant retail investor interest, which is considered a positive sign for sustainable rallies.</p>
<h2 id="chainlink-approaches-three-year-high">Chainlink Approaches Three-Year High</h2>
<p style="text-align: justify">In the last 24 hours, the price of Chainlink has increased by 12% over the week, reaching its three-year peak of $26.3. The daily trading volume of LINK rose by 17% to $1.72 billion, while open positions increased by 12.32% to reach $739 million.</p>
<p style="text-align: justify">Chainlink is now just 10.8% below its three-year peak from January 2022. According to the on-chain analysis platform Santiment, the lack of significant individual volatility around LINK’s recent price movements is seen as a positive indicator for sustainable growth.</p>
<h2 id="co-founder-shares-positive-insights">Co-Founder Shares Positive Insights</h2>
<p style="text-align: justify">Sergey Nazarov, co-founder of Chainlink, expressed optimism about the increasing adoption of <a href="https://en.coin-turk.com/animoca-brands-expands-role-in-blockchain-ecosystem-by-becoming-validator-node-on-core/" data-wpel-link="internal" rel="noopener noreferrer nofollow">blockchain</a> services in traditional finance and capital markets. Nazarov remarked on the network’s progress:</p>
<blockquote>
 <p>“I see this long list as just the beginning for early capital market users and various Chainlink service adopters.”</p>
</blockquote>
<p style="text-align: justify">Nazarov compared LINK’s role in traditional finance to its success in decentralized finance (DeFi), stating that LINK has become a critical standard. He also noted ongoing active integration efforts demonstrating the increasing adoption of Chainlink’s solutions in bridging blockchain technology with traditional financial systems.</p>
<h2 id="link-price-targeted-for-500-increase">LINK Price Targeted for 500% Increase</h2>
<p style="text-align: justify">The recent LINK price rally has gained attention with a significant investor purchasing $46 million worth of LINK. Despite the current increase, LINK is trading at a 50% discount from its all-time high of $50. Experts predict that LINK could rise by 500%, reaching $200 during this period. The price of Chainlink has maintained an upward trend for three weeks, surpassing the critical resistance level of $22.80. On the weekly chart, LINK is trading above the 50-week and 200-week Exponential Moving Averages, indicating a strong bullish trend.</p>
<p style="text-align: justify">Chainlink’s recent performance appears to boost investor confidence, while the market dynamics and strategic moves are expected to play a crucial role in future price movements. The expansion of Chainlink in financial services and its efforts to strengthen its market position signal positive trends for long-term investors.</p>
<p>The post <a href="https://en.coin-turk.com/chainlink-achieves-remarkable-gains-with-increased-retail-interest/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Achieves Remarkable Gains with Increased Retail Interest</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Chainlink Achieves Remarkable Gains with Increased Retail Interest

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