Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Chainlink (LINK) May Dip Further to This Level Before Next Leg Up, Says Analyst

by Ponvang Bulus
August 24, 2020
in HodlX
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
HodlX Guest Post  Submit Your Post
 

Chainlink (LINK) is so far one of the top performing cryptocurrencies in 2020. It rose to about $20 from under $2 at the start of the year, but has been dropping since, reaching as low as $13 before rising to the current $15. While it looks like it has already started recovering, altcoin trader Crypto Krillin tells his 32,000 Twitter followers it may drop further and consolidate before the next move up.

Looking at the cryptocurrency chart, the analyst said for those who would like to make some gains from LINK in the next upward move, another touch of the $13 price on a 4-hour time frame “could be an interesting entry” providing an opportunity to buy.

In a Twitter post, he wrote:

“Update: yep was not the place to long, so far following the break down squiggly pretty well, ~$13 double bottom on 4h could be an interesting entry.”

via Twitter

Next move could be a big move

LINK is the native token of the Oracle cryptocurrency project, Chainlink. With the increasing relevance of smart contracts in real life today, LINK has increasingly become more valuable and risen to become the fifth largest cryptocurrency by market capitalization.

While LINK has done phenomenally well, analysts believe it may do even better soon. Since LINK is one of the DeFi tokens that has been exploding recently, investment analyst Timothy Peterson says the token may rise to $32 before the year 2020 runs out.

Though the market is starting to show signs of recovery, selling pressure may hold it down for a while, causing it to drop further in line with Crypto Krillin’s predictions. It may also be held back by the fact that Bitcoin is already likely to start moving as it has succeeded in breaking above $11,600 after several failed attempts. Such moves have historically held down altcoins, and LINK is not an exception.

However, it will be interesting to see what happens in the next few days – whether the DeFi token will live up to its expectations or fall even further below $13.

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
  • What’s the Role of Bots in Crypto Trading?
    December 3, 2020
Submit a Guest Post
Bitcoin
$35,888.00
$35,888.00
4.04%
Ethereum
$1,214.40
$1,214.40
1.87%
XRP
$0.277026
$0.277026
1.68%
Litecoin
$142.22
$142.22
2.51%
Bitcoin Cash
$483.84
$483.84
2.05%

Spotlight

  • Morgan Stanley Increases Stake in Bitcoin Adopter MicroStrategy, Which Now Holds $2.6 Billion in BTC
    January 11, 2021
  • Banks Fined $14 Billion in 2020 for Money Laundering Violations, Personal Data Leaks and More
    January 15, 2021
  • Ripple Unveils Push To Bring XRP Ledger to Central Banks
    January 12, 2021
  • IMF Says Only 40 Countries Allowed To Issue Digital Currencies
    January 16, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.