• Latest
  • Trending
Price Nears $18, Profit Ratio Blazes To 2022 Levels

Price Nears $18, Profit Ratio Blazes To 2022 Levels

May 26, 2024
Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

June 13, 2025
Q4 EPS Soars Over 20x, But Revenue Growth Slows

Q4 EPS Soars Over 20x, But Revenue Growth Slows

June 13, 2025
7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

June 13, 2025
Shiba Inu (SHIB): Broke Now, Massive Bitcoin (BTC) Jump, XRP: Recipe for $3 Bounce

Shiba Inu (SHIB): Broke Now, Massive Bitcoin (BTC) Jump, XRP: Recipe for $3 Bounce

June 13, 2025
XRP up, Bitcoin Pepe eyes 300% on Fed boost

Bitcoin Pepe price outlook as Swedish firms plans major BTC acquisition

June 13, 2025
Shib Alpha Layer Marks End Of Meme Era

Shib Alpha Layer Marks End Of Meme Era

June 13, 2025
Fidelity Files for Solana ETF With Bold Plans to List on Cboe

Fidelity Files for Solana ETF With Bold Plans to List on Cboe

June 13, 2025
Future ETH Price Dips Could Be Great Buy Opportunities

Future ETH Price Dips Could Be Great Buy Opportunities

June 13, 2025
Ripple’s Top Lawyer Explains How to Fight Crypto Scams

Ripple’s Top Lawyer Explains How to Fight Crypto Scams

June 13, 2025
  • Privacy Policy
Friday, June 13, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Price Nears $18, Profit Ratio Blazes To 2022 Levels

J_News by J_News
May 26, 2024
in Crypto, Top News
0
Price Nears $18, Profit Ratio Blazes To 2022 Levels
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Chainlink (LINK), the oracle network powering decentralized finance (DeFi), is experiencing a solid rise, breaching a six-week high of $17.40. This surge comes amidst a wave of optimism fueled by the recent approval of an Ethereum exchange-traded fund (ETF) and speculation surrounding a potential Chainlink ETF.

Related articles

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

June 13, 2025
Q4 EPS Soars Over 20x, But Revenue Growth Slows

Q4 EPS Soars Over 20x, But Revenue Growth Slows

June 13, 2025

Related Reading

Transactions And DeFi Dominance Fuel Rally

On-chain data reveals a strong buying sentiment for LINK, with a record 11 profitable transactions for every one at a loss. This surge in profitability coincides with the broader market’s positive reaction to the Ethereum ETF. Analysts believe this approval signals a growing institutional interest in cryptocurrencies, potentially paving the way for similar vehicles focused on specific projects like Chainlink.

🔗📈 #Chainlink has climbed well ahead of the #crypto pack, quickly surpassing $17.50 for the first time in 6 weeks. #Onchain today, there are 11 transactions in profit for every 1 $LINK transaction at a loss. This is the highest ratio since Dec. 8, 2022. https://t.co/nILlWsXWNh pic.twitter.com/joMV55V5x7

— Santiment (@santimentfeed) May 24, 2024

Tomi Point, a renowned crypto analyst, took to social media to express his belief that Chainlink could be the next beneficiary of the ETF boom.

Chainlink’s role in bridging the gap between DeFi and traditional finance makes it a prime candidate for an ETF. Point highlighted Chainlink’s robust DeFi ecosystem, boasting reliable data connections to over 20 blockchains, as a key factor driving its institutional appeal.

Source: Santiment

Technicals Flash Green

The current market sentiment surrounding Chainlink is overwhelmingly bullish. Despite the Fear & Greed Index hovering in “extreme fear” territory, most technical indicators point towards a sustained uptrend. As of May 24th, 2024, a majority of technical analysis tools confirmed a positive outlook for LINK.

LINK is currently trading at $17.6. Chart: TradingView

Several analysts have weighed in with bullish price predictions. Digitcoinprice predicts LINK to reach $37.35 by the end of May, representing a staggering 117% increase. The overall optimistic outlook is bolstered by LINK’s impressive performance in the past month, with a price appreciation of over 16%.

Chainlink Whales Pour In $16 Million More

Meanwhile, this week’s bullish fluctuations in whale activity on Chainlink are another important sign that shows how popular LINK and other Ethereum-hosted cryptocurrency projects are among investors.

Source: Santiment

Related Reading

The Santiment graphic above displays changes in the balances of LINK tokens held by the top 100 largest wallets in real time.

As of May 19, the top 100 Chainlink investors held 701 million LINK tokens. By May 25, they had increased their holdings by over 1.2 million LINK, totaling 702 million.

Featured image from Texture X, chart from TradingView





Source link

ShareTweetShareShare

Related Posts

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

by J_News
June 13, 2025
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

Q4 EPS Soars Over 20x, But Revenue Growth Slows

Q4 EPS Soars Over 20x, But Revenue Growth Slows

by J_News
June 13, 2025
0

TLDR CRMT Q4 EPS Jumps to $1.26 as Margins Expand Despite Weak Revenue Growth Car-Mart Boosts Profits With Better Pricing...

7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

by J_News
June 13, 2025
0

Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg...

Shiba Inu (SHIB): Broke Now, Massive Bitcoin (BTC) Jump, XRP: Recipe for $3 Bounce

Shiba Inu (SHIB): Broke Now, Massive Bitcoin (BTC) Jump, XRP: Recipe for $3 Bounce

by J_News
June 13, 2025
0

Bitcoin's direct hitXRP's last chance Short-term holders may face serious repercussions after Shiba Inu (SHIB) recently broke through a crucial...

XRP up, Bitcoin Pepe eyes 300% on Fed boost

Bitcoin Pepe price outlook as Swedish firms plans major BTC acquisition

by J_News
June 13, 2025
0

Bitcoin’s expanding institutional adoption continues to anchor sentiment across the broader crypto market. Bitcoin Pepe’s presale has raised more than...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog