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Chainlink Price Projection: LINK to Reach $7 as Oracle Adoption Grows

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Chainlink Price
Chainlink Price

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Chainlink (LINK) is poised to hit $7 as blockchain oracle adoption rises. LINK’s adoption across various sectors is growing rapidly as smart contracts are securely linked to real-world data through these oracles. As more projects and businesses recognize Chainlink’s value, its potential to reach the $7 price prediction looks even more promising.

At the moment, the price of LINK is $6.14. On the last day, people traded about 155.36 million LINK coins, and trading increased by more than 16%, which pushed the price of LINK up by around 1%. The total value of all LINK coins also increased by about 1%.

Looking back, LINK’s price went up by over 1% in the past week, but it dropped by more than 14% in the last month. This makes some investors and traders think it’s a good time to buy LINK at a lower price, hoping to profit when the price increases again with the rest of the market.

Chainlink LINK Statistics:

  • LINK’s Price – $6.14
  • LINK Market cap – $3.30 Billion
  • LINK Circulating supply – 538,099,970 LINK
  • LINK Total supply – 1,000,000,000 LINK
  • CoinMarketCap ranking – 21
Chainlink Price Projection: LINK to Reach $7 as Oracle Adoption Grows
Source: CoinMarketCap

Unlocking Chainlink’s Patterns and Key Areas

Let’s check the daily chart for some key information. LINK’s price could reach a point where it might face some resistance at $6.398. If it goes past that point, the price might go up further. If it stays around $6.40, there’s a chance it could even reach $7.

Chainlink Price Projection: LINK to Reach $7 as Oracle Adoption Grows
Source: TradingView Daily Chart

Let’s focus on these key points on the chart: There could be some tough spots at $6.398 and $6.754, but also some support around $5.908 and $5.719.

If the price stays low for the next few weeks, say 30 to 50 days, it might drop further, possibly down to $5.908 or even less. Right now, the RSI, which tells us how strong the price is, is pretty low, around 35. If the RSI keeps going down, the LINK price might fall more.

But in the long term, there’s a chance the Chainlink price could break through the $6.398 level. If the LINK price stays higher than the moving averages for 30 and 50 days, and the RSI goes above 50, then the LINK price could go up and even break the $6.754 level. To play it safe and avoid big losses, it’s a good idea to use stop-loss orders.

Promising Alternative Chainlink (LINK)

A promising new crypto project has recently surfaced, presenting an enticing opportunity for early investors with substantial staking rewards and an innovative presale approach.

Meet Bitcoin BSC ($BTCBSC), a fresh staking-to-earn initiative inspired by the Bitcoin ecosystem as it existed in April 2011. Bitcoin was valued at a mere $1 during that time, and only 6 million coins were available.

This project offers the chance to acquire Bitcoin at a price reminiscent of over a decade ago and introduces several significant enhancements to the Bitcoin concept.

Bitcoin BSC: Speedy and Profitable Staking as a Smart Alternative

The BTCBSC token is made on the Binance Smart Chain, which lets people who have it stake their tokens to earn money without doing much.

Bitcoin was the first and largest cryptocurrency, but it’s not the most practical. Most people use it as a digital investment, not for regular spending.

Source: BTCBSC

Bitcoin BSC is a lot like regular Bitcoin but with some key benefits. Unlike Bitcoin, which uses a complex and costly method to process transactions, Bitcoin BSC uses a faster and more efficient method called proof-of-stake. Also, because it’s a BEP-20 token, it doesn’t have those high fees you sometimes see with tokens on Ethereum.

With proof-of-stake, people who own Bitcoin BSC tokens can stake them to earn rewards.

If you go to the website, you’ll see that the staking pool is giving out 0.25 BTCBSC for each block. That might give you a high annual return percentage right now, but it’s likely to decrease as more people join in. Still, it’s likely better than many other staking pools, which usually offer between 5% and 10%.

Like how it works with regular Bitcoin, a big part of the total supply of 21 million BTCBSC tokens will be in the staking pool.

These BTCBSC tokens, just like Bitcoin, will be around for a long time—up to 120 years. This makes the project look like it could be successful in the long run, and it encourages people to keep their tokens instead of selling them, which can help keep their value high.

BTCBSC Presale Off to a Strong Start

The presale for Bitcoin BSC began on September 5th, and it’s already getting attention on the Web3 platform, raising around $27,000 in just 24 hours.

Like Bitcoin was back in April 2011, Bitcoin BSC has 6.15 million tokens available, and the rest will be released later.

In the presale, they’re starting with 4 million tokens priced at $0.99 each. If it goes really well and sells out fast, there are 2.125 million tokens in reserve, which could increase the total to $6.125 million.

The presale is for 29% of all the available tokens, and the remaining 69% will be unlocked gradually over 120 years for staking. BTCBSC also set aside 420,000 tokens (2%) for decentralized exchange use.

If you’re an investor or trader, you can find more details in the whitepaper or by joining the Telegram group. You can buy the tokens on the Bitcoin BSC website using BNB, USDT, or ETH.

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