Chainlink (LINK) Hits a Fresh ATH After 3 Years of Trading Sideways
Chainlink hits a fresh All-Time High as its smart contract-based blockchain platform extends its services in all the dimensions possible. In one such recent news about Chainlink’s integration for a smart way of interaction through SMS messaging with the help of the Conflux Network. Here, Chainlink will be a throughput for a messaging gateway using the decentralization of the LINK platform, making interaction easy and effective with decentralized blockchain.
Mobile phones are a powerful way to connect users to #Web3 technology.
By connecting @Conflux_Network to an SMS gateway using @chainlink, #decentralized tech can still be accessed through texting by those without smartphone access.https://t.co/Vyu59uL9bv
— Conflux Network Official (@Conflux_Network) July 11, 2020
The recent developments and integrations of the Chainlink platform have led to immense recognition and social media presence of LINK, which otherwise was not as hyped as it is now. As per the LunarCRUSH Social Listening for Cryptocurrencies, Chainlink is ranked 1st amongst the top 5 altcoins of the market, on the real-time board of altcoins rankings based on social engagement, social volume and % change.
Real-time Top 5 Altrank™ June 12 10:58PM UTChttps://t.co/8zZ7vrwx5V
1 $link #chainlink (Coin of the Day)
2 $dgb #digibyte
3 $erd #elrond
4 $npxs #pundix
5 $rlc #iexecrlc#altrank = Increasing social activity + exceptional price performance vs #bitcoin + rising trading volume pic.twitter.com/yYgKl7qthN— LunarCrush (@LunarCrush) July 12, 2020
This rank points out the social activity, price-performance against Bitcoin, leading to an increased trading volume of the altcoins due to a spurring price and the fresh ATH.
Chainlink is today's Coin of the Day! 🔥🚀🪐
3M Social Trends:
555,330 social post mentions +46.5%
956,653,779 engagements +36.4%
Top Influencers: @ChainLinkGod @SergeyEinstein @tylerwinklevoss
Access all metrics free/no acct for the next 24 hrs at https://t.co/vMUJ4Moz7k $link pic.twitter.com/EXVVNtLzn4— LunarCrush (@LunarCrush) July 12, 2020
Chainlink, as per the recent price action, is believed to be an investment of the long-term and not just limit to a short-term investment due to recent ATH around $8.5. No doubt, the short-term gains cannot be ignored, but the long-term profit sticks untold as per the developments and growth of the network.
If you want to milk #Chainlink🔗 for maximum gainz … then you will hold $LINK for the long term. Do not limit yourself to short term gainz.
— Kevin Svenson (@KevinSvenson_) July 13, 2020
Chainlink Price Analysis
On the weekly chart, Chainlink has hit a recent ATH above $8.5 and has gained enough momentum in the ongoing year. LINK/USD at the press time was seen trading at $7.72 with expanding volatility as per the laid 20-day Bollinger Bands. The current spike in price is completely supported by the 50-day MA at $3.069. However, long-term investment is the only key to profit and financial freedom in terms of crypto, and a thoughtful investment is a must.
Many who bought $BTC around $8, sold it for less than $100.
Don’t make the same mistake with $LINK. You deserve financial freedom.
— Whalebot Web3 (@CryptoWhalebot) July 13, 2020
Moreover, LINK was always trading sideways over the past three years now and was almost ignored in terms of profit-making investments. And in the ongoing year, Chainlink has been enticing massive integrations with price spiking infrastructure built.
#Chainlink broke out of it's price channel it's been in for almost 3 years of it's existence without 'big news'. There are times/stages where no news is needed to catapult the price up x3, x5 or x10 within a few weeks. It's price discovery for the most valuable infrastructure https://t.co/Ez9c9FpLcV
— Timo.eth (@timoharings) July 12, 2020
The technicals are overwhelming at this point in time due to the recent spike, and the MACD chart is drawing a complete positive crossover with the RSI lying at 81.57, showing increased demand due to the recent ATH. Based on the above technical analysis and Chainlink Prediction, the coin might record significant improvement in the future months.
