Chainlink Price Prediction: LINK Falls Back To Earth With 7% Plunge, But This Meme Coin Presale Keeps On Pumping

Join Our Telegram channel to stay up to date on breaking news coverage

The Chainlink price has plunged by 7% within the last 24 hours to trade at $16.13 as of 5:26 a.m. EST.

This comes as holders now sell for profits amid the token’s recent pump. Recent on-chain activity shows one such whale who made $4.9 million from buying and holding Chainlink and then later selling for profits.

The smart money started accumulating $LINK again and withdrew 417,834 $LINK($6.9M) from #Binance in the past 2 days.

He previously bought 641,386 $LINK($4.77M) at an average price of $7.4, and then sold it at an average price of $15.1, making ~$4.9M!https://t.co/1E0GIqVeBY pic.twitter.com/Opuvbm2yaM

— Lookonchain (@lookonchain) December 29, 2023

Chainlink Price Prediction: Will LINK Continue Plunging?

An in-depth analysis of 1-hour LINK/USD charts suggests a bullish reversal on the Chainlink price. The Relative Strength Index indicator is now headed south as it crosses above 50. This shows fading bearishness on Chainlink as the RSI reverts from its downward trajectory.

The MACD indicator is also reverting towards the green zone. The movement also suggests bullishness as the chainlink price looks to pump in the short term.

The 50-period moving average has also maintained movement above the 200-period moving average despite earlier heading towards a death cross.

LINK/USD 1-hour charts | Source: TradingView

However, despite the Chainlink price holding prospects of minor gains in the short term, Meme Kombat’s MK token promises prospects of more explosive gains. This is amid the great investor confidence displayed so far. The MK token presale has now garnered over $5.2 million out of the targeted $6.5 million.

Chainlink Price Prediction: Should You Pick MK Over LINK?

As investors keep an eye out for presales holding explosive potential in 2024, Meme Kombat emerges as a dynamic player, sparking excitement among enthusiasts.

Currently, in the throes of its presale, the MK token from Meme Kombat is generating anticipation as it is currently priced at $0.268, with a price increase to $0.279 in the next six days. The project’s innovative concept, coupled with burgeoning interest, positions it to achieve its ambitious goal of raising $6.5 million by the presale’s conclusion.

$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61

— Meme Kombat (@Meme_Kombat) December 26, 2023

Meme Kombat distinguishes itself by introducing an artificial intelligence gaming arena that envisions epic clashes featuring iconic meme characters such as Doge, Shiba Inu, and Pepe. The ongoing presale allows players to utilize the MK token to engage in algorithmically crafted battles. Long-term stakes are posed to reap a substantial 178% annual percentage return potentially. This staking feature places the future MK price at a better advantage over others like the Chainlink price.

The convergence of a groundbreaking gaming utility, enticing buy-and-hold incentives, and the infectious appeal of viral meme culture propels Meme Kombat into a compelling value proposition. Investors are drawn to the project’s unique blend, anticipating a symbiotic relationship between meme culture and practical gaming applications.

Meme Kombat’s Leadership

Confidence in Meme Kombat’s prospects is bolstered by its seasoned founding team, spearheaded by crypto gaming expert Matt Whiteman. The team’s innovative play-to-earn gaming concept, merging humor and practicality, has the potential to attract both investors and gaming enthusiasts. Allocating half of the tokens to presales and the remainder to continuous network maintenance underscores the team’s commitment to long-term viability.

Positioning itself as a diversification opportunity for crypto investors, Meme Kombat seamlessly blends social trends and technical advancements into an incentive-driven gaming experience. Meme Kombat’s impending debut has become a focal point of interest due to its gameplay dynamics and passive revenue potential, attracting both casual players and major liquidity providers.

The project’s fusion of viral social interests with practical utility is poised to generate enthusiasm and investment.

Breaking new ground in the burgeoning gaming industry and web3 industry, Meme Kombat positions itself as a captivating force with its innovative memes, AI-simulated gameplay, and enticing staking opportunities. Experts such as Jacob Bury anticipate an explosive tenfold surge in the meme coin upon launch.

As a testament to the evolving dynamics of the market, projects like Meme Kombat signal the ongoing transformation in the digital asset environment, with 2024 holding significant promise for innovation and growth. So, as you watch out for the Chainlink Price, remember to check out Meme Kombat before it’s too late.

Visit Meme Kombat here.