{"id":451239,"date":"2023-10-25T12:46:21","date_gmt":"2023-10-25T12:46:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=451239"},"modified":"2023-10-25T12:46:21","modified_gmt":"2023-10-25T12:46:21","slug":"chainlink-price-prediction-link-rises-14-to-11-6-but-have-you-heard-of-the-altcoin-poised-to-break-records","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/chainlink-price-prediction-link-rises-14-to-11-6-but-have-you-heard-of-the-altcoin-poised-to-break-records","title":{"rendered":"Chainlink Price Prediction: LINK Rises 14% to $11.6, but Have You Heard of the Altcoin Poised to Break Records?"},"content":{"rendered":"

Chainlink’s rise is unstoppable after rising more than 14% over the last 48 hours to reach today’s intraday high of around $11.6. Weekly gains have reached 51%, and the year-to-date increase is 98%. Where the LINK price is headed is a question of curiosity.<\/span><\/p>\n

At the time of writing, LINK is trading at $11, with a 6.5% increase over the last 24 hours. According to data from CoinMarketCap<\/span><\/a>, Chainlink’s daily trading volume edges close to the $1.2 million mark, attesting to the increased trader interest over the last week. The live market cap is $6.16 billion, placing LINK at #12 on the CoinMarketCap ranking.<\/span><\/p>\n

Chainlink Price Uptrend is Intact<\/span><\/h2>\n

Riding on the current bullish trend in the crypto market, the buyers have pumped LINK price<\/a> to reclaim the $10 level, but downside risks remain as investors contemplate the price action. Even so, the technical setup favors the upside in the near term, suggesting the bulls could still lead the market.<\/span><\/p>\n

The Relative Strength Index (RSI) is in the overbought zone but without sell signals, retaining its northbound traction that reflects rising momentum. The price strength at 81 suggested that the buyers were controlling the market. <\/span><\/p>\n

As such, the Chainlink price could continue the uptrend, revisiting the $15 psychological level over the next couple of days. This would represent a 34% climb from the current price.<\/span><\/p>\n

LINK\/USD Daily Chart<\/b><\/span><\/p>\n

\"Chainlink<\/a>
TradingView Chart: LINK\/USD<\/a><\/figcaption><\/figure>\n

On the other hand, the overbought conditions could lead to buyer exhaustion, paving the way for profit-booking. The resulting overhead pressure could see the Chainlink price<\/a> lose the support recently established at $10.4, potentially moving below the moving averages between $7.2 and $7.7.<\/span><\/p>\n

In the worst-case scenario, the slump could see the Oracle network token drop to $6 or toward the $5 psychological level. Such a move would constitute a 55% drop below current levels.<\/span><\/p>\n

LINK Alternatives<\/span><\/h2>\n

\"bitcoin<\/a><\/p>\n

Market participants should know that trading cryptocurrencies can be risky because of high price volatility. As such, the Chainlink could drop just as fast as it has risen, leading to the loss of all the recent gains. As such, investors could diversify their investments by looking into new cryptos in presale with the potential to make 10x returns. <\/span><\/p>\n

One such crypto is Bitcoin Minetrix (BTCMTX)<\/span><\/a>, a tokenized cloud-mining crypto that has already raised over $2.2 million in presale and could be an even better return on investment.<\/span><\/p>\n

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#BitcoinMinetrix<\/a> has achieved another significant milestone! ✅<\/p>\n

Accumulating over $2,200,000 raised. pic.twitter.com\/NcfrJYIZel<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) October 24, 2023<\/a><\/p><\/blockquote>\n