| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $105968.0900000000 |
| ETH | $2422.3090000000 |
| BNB | $645.9891800000 |
| XRP | $2.1888830000 |
| ADA | $0.5465547000 |
| SOL | $147.0339000000 |
| DOGE | $N/A |
| DOT | $3.3298000000 |
| LTC | $84.2179000000 |
| LINK | $13.0165100000 |
Category: CRYPTO NEWS
The post Top Analysts Sees Chainlink at $50 As Ecosystem Trend Fuel Hype appeared on BitcoinEthereumNews.com. Chainlink has lagged in breaching its previous ATH, a trend analysts may change soon. Chainlink is driving new collaborations with top firms that might further enhance its appeal. Chainlink (LINK) has made waves in the crypto space since 2024, consistently catching the eye of investors. But while its price has surged multiple times, the token has yet to break its all-time high (ATH) from four years ago. LINK is poised for a potential uptrend with a fresh technical setup in play. Some analysts predict it could soar to $50, sparking a buzz within the crypto community. The Bullish Momentum Behind Chainlink Since its peak in 2021, Chainlink has steadily earned its place among the top crypto assets. The token has maintained a solid market cap of $15.5 billion. At the time of writing, the asset was trading at $23.68, up by 2.47% in the last 24 hours, as per Marketcap. [mcrypto id=”435411″] Crypto experts, including Michael van de Poppe, have recently labeled Chainlink as a blue-chip token, praising its stability and long-term growth prospects. Drawing from its ecosystem fundamentals, many foresee LINK’s price reaching a more modest uptick of $32 or $35. In our previous article, we also discussed the possibility of LINK reaching $37 this month. However, van de Poppe predicted the asset to hit a bullish target of $50 soon. This prediction is supported by analyst Ali Martinez, who revealed that LINK’s current chart formation looks promising. According to Martinez, the token forms a promising “bull flag” pattern on its price chart. This pattern, combined with a falling wedge formation, suggests that LINK may be about to break out. This setup places the token near the 0.618 Fibonacci retracement level. #Chainlink $LINK is breaking out of a bullish flag, targeting $50! pic.twitter.com/ru8CCbJPCG — Ali (@ali_charts) January 18, 2025…
2025-01-19T04:30:16+00:00