{"id":30820,"date":"2023-10-23T15:17:18","date_gmt":"2023-10-23T15:17:18","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/23\/chainlink-price-prediction-link-leads-altcoins-rally\/"},"modified":"2023-10-23T15:17:18","modified_gmt":"2023-10-23T15:17:18","slug":"chainlink-price-prediction-link-leads-altcoins-rally","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/23\/chainlink-price-prediction-link-leads-altcoins-rally\/","title":{"rendered":"Chainlink Price Prediction: LINK Leads Altcoins Rally"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p class=\"p1\">Chainlink (LINK) is among the many best-performing altcoins up 6.6% within the final 24 hours, 30% in seven days, and 40% during the last 30 days. The main blockchain oracle token\u2019s uptrend is backed by an enormous enhance in buying and selling quantity to $1.58 million and $5.5 billion in market cap.<\/p>\n<h2 class=\"p1\">Chainlink Price Breaks Out of Consolidation<\/h2>\n<p class=\"p1\">Following months of buying and selling beneath a long-standing falling trendline, LINK made the ultimate bounce off assist at $5 in June, nonetheless, market doldrums continued with the crypto house coping with low ranges of liquidity and volatility.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">The bullish wave that traversed the crypto market final week amidst pretend information concerning the approval of a spot Bitcoin exchange-traded fund (ETF), noticed\u00a0<a href=\"https:\/\/coingape.com\/price\/chainlink\/\"><span class=\"s1\">Chainlink price\u00a0<\/span><\/a>regain momentum and step above two uptrend-determining ranges\u2014the 21-week Exponential Moving Average (EMA) (pink) and the descending multi-month trendline.<\/p>\n<p class=\"p1\">As LINK climbed above resistance at $7.5, investor confidence improved considerably which explains the engulfing weekly bullish candle on the weekly chart.<\/p>\n<figure id=\"attachment_162213\" aria-describedby=\"caption-attachment-162213\" style=\"width: 2678px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg\"><img decoding=\"async\" fetchpriority=\"high\" class=\"size-full wp-image-162213\" alt=\"LINKUSD price prediction chart\" width=\"2678\" height=\"1320\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg 2678w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-300x148.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1224x603.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-768x379.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1536x757.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-2048x1009.jpg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-150x74.jpg 150w\" data-lazy-sizes=\"(max-width: 2678px) 100vw, 2678px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg\"\/><noscript><img decoding=\"async\" fetchpriority=\"high\" class=\"size-full wp-image-162213\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg\" alt=\"LINKUSD price prediction chart\" width=\"2678\" height=\"1320\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart.jpg 2678w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-300x148.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1224x603.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-768x379.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-1536x757.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-2048x1009.jpg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/LINKUSD-price-prediction-chart-150x74.jpg 150w\" sizes=\"(max-width: 2678px) 100vw, 2678px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-162213\" class=\"wp-caption-text\">LINK\/USD weekly chart | Tradingview<\/figcaption><\/figure>\n<p class=\"p1\"><a href=\"https:\/\/coingape.com\/markets\/chainlink-price-prediction-as-buyers-shatters-500-days-barrier\/\">Chainlink price currently sits on top of all three bull market<\/a> indicators beginning with the 21-week EMA (pink), the 100-week EMA (blue), and the 200-week (EMA) (purple).<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">The Moving Average Convergence Divergence (MACD) reinforces the bullish outlook with a purchase sign despatched in mid-September. Movement into the optimistic area above the 0.000 impartial space validates LINK\u2019s uptrend.<\/p>\n<p class=\"p1\">For the uptrend to proceed, assist on the 100-week EMA \u2014 $0.94 should maintain, in any other case profit-booking might take priority as merchants search to safeguard the features accrued within the final 30 days.<\/p>\n<p class=\"p1\">A break above the fast resistance at $10 might name for FOMO as buyers rush to place themselves for the following bullish transfer to $15 and $20, respectively.<\/p>\n<h2 class=\"p1\">Chainlink Whale Transactions See 3-Month Highs<\/h2>\n<p class=\"p1\">Leading blockchain analytics platform Santiment revealed in the course of the weekend that <a href=\"https:\/\/coingape.com\/chainlink-price-prediction-as-whales-go-on-a-buying-spree\/\">Chainlink\u2019s network activity is on the rise<\/a>, with the protocol \u201cseeing 3-month highs in whale transactions, unique interacting addresses (active addresses), and trading volume.\u201d<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">According to on-chain analysts at Santiment, altcoins like LINK have benefited immensely from the \u201credistribution of Bitcoin.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd17\ud83e\udd73 <a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\">#Chainlink<\/a> is on a tear this weekend, with the community seeing 3-month highs in whale transactions, distinctive interacting addresses, and buying and selling quantity. <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\">#Altcoins<\/a> have been benefiting from <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> redistribution, however <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> has been a selected standout. <a href=\"https:\/\/t.co\/lxlb8SmzKL\">https:\/\/t.co\/lxlb8SmzKL<\/a> <a href=\"https:\/\/t.co\/Yaw5qyV8jL\">pic.twitter.com\/Yaw5qyV8jL<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1715901576274149560?ref_src=twsrc%5Etfw\">October 22, 2023<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">Chainlink continues to guide different altcoins in following within the footsteps of\u00a0<a href=\"https:\/\/coingape.com\/bitcoin-price-prediction-as-speculation-for-spot-etf-soars-is-btc-invalidating-the-bearish-fractal\/\"><span class=\"s1\">Bitcoin price<\/span><\/a>\u00a0because it approaches its subsequent uptrend-determining stage at $31,000. \u201c$LINK, $MATIC, $UIP, $APT, and $AAVE are all seeing their best-performing decouplings of 2023,\u201d\u00a0<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1716268638557323715\"><span class=\"s1\">Santiment analysts said via X (Twitter)<\/span><\/a>.<\/p>\n<p class=\"p1\">Meanwhile, the Chainlink ecosystem continues to develop into essentially the most vital oracle options supplier within the crypto {industry}, notably the decentralized finance sector which depends closely on sensible contracts.<\/p>\n<p class=\"p1\">Projects stream into the ecosystem persistently to faucet the stay worth feed options developed by Chainlink comparable to Pop \u2014 the most recent protocol to hitch \u201cChainlink Build\u2026, which helps support the security and use of Web3-based social media.\u201d<\/p>\n<p class=\"p1\">On the opposite hand, Pop Social commits \u201cmake 3% of its total native token supply available to Chainlink service providers, including stakers.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udfd7\ufe0f <a href=\"https:\/\/twitter.com\/hashtag\/ChainlinkBUILD?src=hash&amp;ref_src=twsrc%5Etfw\">#ChainlinkBUILD<\/a> \ud83c\udfd7\ufe0f<a href=\"https:\/\/twitter.com\/popapp_official?ref_src=twsrc%5Etfw\">@popapp_official<\/a> is becoming a member of Chainlink BUILD to achieve enhanced entry to Chainlink&#8217;s industry-leading oracle providers and technical assist, which helps assist the safety and use of Web3-based social media.<\/p>\n<p>In return, Pop Social will make 3% of its complete\u2026 <a href=\"https:\/\/t.co\/UYnipQvFCO\">pic.twitter.com\/UYnipQvFCO<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1716454597894488320?ref_src=twsrc%5Etfw\">October 23, 2023<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">Chainlink on its half will make sure that Pop Social receives vital advantages comparable to the combination and entry to the community\u2019s VRF to assist the era of NFT rarity components and features for aiding within the evaluation of on-chain information in addition to \u201cCCIP for shifting digital property between chains.<\/p>\n<h3 class=\"p1\">Related Articles<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/chainlink-price-prediction-link-explodes-to-10-as-network-activity-skyrockets-to-3-month-highs\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/chainlink-price-prediction-link-explodes-to-10-as-network-activity-skyrockets-to-3-month-highs\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" 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   \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>John is a seasoned crypto knowledgeable, famend for his in-depth evaluation and correct worth predictions within the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he&#8217;s devoted to delivering helpful insights on worth tendencies and market forecasts. With his in depth expertise within the crypto sphere, John has honed his abilities in understanding on-chain information analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse panorama. Through his steadfast reporting, John retains his viewers knowledgeable and geared up to navigate the ever-changing crypto market.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD162212\">\n<p>  The introduced content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk&rsquo;s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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The main blockchain oracle token\u2019s uptrend is backed by an enormous enhance in buying and selling quantity to $1.58 million and $5.5 billion in market cap. Chainlink Price 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