{"id":553137,"date":"2023-09-27T20:00:55","date_gmt":"2023-09-27T20:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=553137"},"modified":"2023-09-27T13:51:50","modified_gmt":"2023-09-27T13:51:50","slug":"why-chainlink-could-be-the-altcoin-to-watch","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/why-chainlink-could-be-the-altcoin-to-watch\/","title":{"rendered":"LINKing The Dots: Why Chainlink Could Be The Altcoin To Watch, Top Trader Says"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With a current price of $7.45 on <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/chainlink\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, LINK has been steadily gaining traction, posting a 0.2% gain in the past 24 hours and a 9.1% increase over the last seven days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-bulls-struggle-to-break-21-barrier-what-lies-ahead\/\" target=\"_blank\" rel=\"noopener \">Solana Bulls Struggle To Break $21 Barrier \u2013 What Lies Ahead?<\/a><\/div>\n<h2><strong>Sherpa&#8217;s Vote Of Confidence On Chainlink<\/strong><\/h2>\n<p><a href=\"https:\/\/dailyhodl.com\/2023\/09\/26\/one-ethereum-based-altcoin-gearing-up-for-very-strong-performance-says-trader-heres-his-timeline\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Altcoin Sherpa&#8217;s LINK endorsement<\/span><\/a><span style=\"font-weight: 400\"> carries significant weight in the crypto community. He believes that Chainlink is poised for exceptional performance in the next bull cycle, emphasizing its resilience during the crypto market&#8217;s ups and downs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In his own words:<\/span><\/p>\n<blockquote>\n<h4><span style=\"font-weight: 400\">&#8220;LINK: Still one of the few coins that I would consider just buying a bag of and letting it sit for the next six months [plus]. I think this is going to be a very strong one for the next cycle. Core infrastructure for a ton of projects with few competitors.&#8221;<\/span><\/h4>\n<\/blockquote>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/U5aRuSs3\/\" width=\"2475\" height=\"1179\"><\/h2>\n<pre style=\"text-align: center\">LINK market cap hits $4.3 billion today. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>LINK\u2019s Steady Price Growth<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Chainlink&#8217;s recent price surge has caught the attention of investors and analysts alike. Over the past two weeks, LINK&#8217;s price has climbed from a low of $6.53 to a peak of $7.30. This impressive rally has left many wondering about the driving factors behind it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One significant factor contributing to LINK&#8217;s recent upswing is the dynamics of its availability on exchanges. Santiment, a prominent on-chain analytics company, has <\/span><a href=\"https:\/\/twitter.com\/santimentfeed\/status\/61384640\/photo\/1\" rel=\"nofollow\"><span style=\"font-weight: 400\">noted<\/span><\/a><span style=\"font-weight: 400\"> that historically, whenever a substantial amount of LINK is transferred to exchanges, it triggers positive price movements. This suggests that investors are actively seeking to acquire and hold LINK, anticipating future gains.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">There are a total of 81 fresh wallets created on Sept 15 started withdrawing <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Binance<\/a> on Sept 18.<\/p>\n<p>And these wallets have withdrawn a total of 4.7M <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> ($31.58M) from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Binance<\/a> so far.<\/p>\n<p>Details: <a href=\"https:\/\/t.co\/hSdkoncNgZ\" rel=\"nofollow\">https:\/\/t.co\/hSdkoncNgZ<\/a><a href=\"https:\/\/t.co\/AzUM8VleQQ\" rel=\"nofollow\">https:\/\/t.co\/AzUM8VleQQ<\/a> <a href=\"https:\/\/t.co\/4IxdSHtv6C\" rel=\"nofollow\">pic.twitter.com\/4IxdSHtv6C<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/36857611?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 22, 2023<\/a><\/p><\/blockquote>\n<h3><strong>Growing Chainlink Ecosystem<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">Another noteworthy development is the surge in the creation of new Chainlink addresses. A recent <\/span><a href=\"https:\/\/twitter.com\/lookonchain\/status\/36857611\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">tweet from Lookonchain<\/span><\/a><span style=\"font-weight: 400\"> revealed that the number of newly established Chainlink addresses has reached 81. This indicates a growing interest in the Chainlink ecosystem, with more participants joining the network. Such expansion often bodes well for the long-term viability and adoption of a cryptocurrency.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/ada\/cardano-0-24-support-test-can-ada-price-reverse-its-downward-trend\/\" target=\"_blank\" rel=\"noopener \">Cardano $0.24 Support Test: Can ADA Price Reverse Its Downward Trend?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Chainlink&#8217;s strong fundamentals and the support it has garnered from prominent analysts like Altcoin Sherpa make it a cryptocurrency to watch closely. With its recent price rally, increasing interest from investors, and pivotal role as core infrastructure for various projects, Chainlink seems well-positioned to thrive in the next crypto bull cycle. LINK&#8217;s performance will undoubtedly be a topic of keen interest among investors and enthusiasts alike.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from iStock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals.\u00a0 With a current price of $7.45 on CoinGecko, LINK has been steadily gaining traction, posting a 0.2% gain in the past 24 hours and a 9.1% increase over the last seven days. Related Reading: Solana Bulls Struggle To Break $21 Barrier \u2013 What Lies Ahead? Sherpa&#8217;s Vote Of Confidence On Chainlink Altcoin Sherpa&#8217;s LINK endorsement carries significant weight in the crypto community. He believes that Chainlink is poised for exceptional performance in the next bull cycle, emphasizing its resilience during the crypto market&#8217;s ups and downs.\u00a0 In his own words: &#8220;LINK: Still one of the few coins that I would consider just buying a bag of and letting it sit for the next six months [plus]. I think this is going to be a very strong one for the next cycle. Core infrastructure for a ton of projects with few competitors.&#8221; LINK market cap hits $4.3 billion today. Chart: TradingView.com LINK\u2019s Steady Price Growth Chainlink&#8217;s recent price surge has caught the attention of investors and analysts alike. Over the past two weeks, LINK&#8217;s price has climbed from a low of $6.53 to a peak of $7.30. This impressive rally has left many wondering about the driving factors behind it. One significant factor contributing to LINK&#8217;s recent upswing is the dynamics of its availability on exchanges. Santiment, a prominent on-chain analytics company, has noted that historically, whenever a substantial amount of LINK is transferred to exchanges, it triggers positive price movements. This suggests that investors are actively seeking to acquire and hold LINK, anticipating future gains. There are a total of 81 fresh wallets created on Sept 15 started withdrawing $LINK from #Binance on Sept 18. And these wallets have withdrawn a total of 4.7M $LINK ($31.58M) from #Binance so far. Details: https:\/\/t.co\/hSdkoncNgZhttps:\/\/t.co\/AzUM8VleQQ pic.twitter.com\/4IxdSHtv6C \u2014 Lookonchain (@lookonchain) September 22, 2023 Growing Chainlink Ecosystem Another noteworthy development is the surge in the creation of new Chainlink addresses. A recent tweet from Lookonchain revealed that the number of newly established Chainlink addresses has reached 81. This indicates a growing interest in the Chainlink ecosystem, with more participants joining the network. Such expansion often bodes well for the long-term viability and adoption of a cryptocurrency. Related Reading: Cardano $0.24 Support Test: Can ADA Price Reverse Its Downward Trend? Chainlink&#8217;s strong fundamentals and the support it has garnered from prominent analysts like Altcoin Sherpa make it a cryptocurrency to watch closely. With its recent price rally, increasing interest from investors, and pivotal role as core infrastructure for various projects, Chainlink seems well-positioned to thrive in the next crypto bull cycle. LINK&#8217;s performance will undoubtedly be a topic of keen interest among investors and enthusiasts alike. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock<\/p>\n","protected":false},"author":557,"featured_media":553144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,16295,8686,82825,4735],"class_list":["post-553137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-chainlink","tag-ethusd","tag-link-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>Why Chainlink Could Be The Altcoin To Watch, Top Trader Says<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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