The article predicts that by 2030, Dogecoin's market value will be surpassed by utility-focused cryptocurrencies Polkadot, Chainlink, and Avalanche, which are better aligned with the Web3 revolution and offer real-world usage and technological advantages.
Chainlink (LINK) is poised for a potential price surge as nearly 90% of its circulating supply is in profit and exchange reserves are at multi-year lows, indicating a possible supply crunch that could trigger a breakout if demand increases.
Ethereum surpassed $4,000, reaching a new high for 2025, driven by a broader altcoin rally led by Ripple and Chainlink, following news of Ripple's acquisition of a stablecoin payments platform and Chainlink's launch of a reserve fund, amid favorable regulatory developments.
Cryptocurrencies XRP, Chainlink, and Hedera have seen significant price increases, driven by speculation and momentum in the market. XRP's rise is linked to hopes of a more crypto-friendly regulatory environment under a potential second Trump administration, while Chainlink's growth is fueled by its adoption in Europe's tokenized securities market. Hedera's surge is attributed to large holders accumulating the token and speculation about potential SEC leadership changes. The current crypto bull run is reminiscent of late 2021, with investors driven by fear of missing out.
Chainlink (LINK) experienced a 52% gain in November, reaching $18.63, but rising sell-side pressure is evident as more tokens are sent to exchanges. Despite increased wallet profitability and a positive Chaikin Money Flow indicator, buying volumes remain low, with active addresses dropping significantly. Open interest in derivatives has surged, indicating traders are opening new positions, mostly long, betting on further gains. For LINK to continue its uptrend, increased buying activity is necessary to overcome resistance at $19.
Chainlink (LINK) has seen significant whale activity recently, with 93 new wallets withdrawing approximately $167 million worth of LINK tokens from Binance since June 24th. Despite this, the number of active addresses has remained steady, indicating that the increased whale activity has not translated into broader market participation. This suggests strategic adjustments by existing participants rather than an expansion in the user base. LINK is currently trading at around $13.7, showing a slight increase.
A former FTX executive has been sentenced, and bitcoin miner Riot is pursuing a takeover of Bitfarms. Additionally, Sergey Nazarov of Chainlink Labs discusses a pilot program with DTCC and financial institutions to bring Net Asset Value (NAV) data on-chain.
Chainlink's integration with Ethereum and expansion of its Cross-Chain Interoperability Protocol (CCIP) has led to an increase in new addresses and smart contract supply, indicating improved adoption and potential for increased demand. However, the market turbulence and imbalance between exchange inflow and outflow may lead to a short-term price drop for LINK, possibly falling below $14, unless selling pressure subsides and bullish accumulation occurs.
January 2024 crypto predictions suggest potential gains for Chainlink (LINK), with a possible 75% increase if it breaks out of its current channel, while BNB could surpass $400 if it overcomes resistance at $345. Ethereum layer-2 solutions like Arbitrum (ARB) and Polygon (MATIC) are also expected to see significant price increases, with ARB potentially growing by 45% and MATIC by 50% if they maintain their bullish momentum. However, these predictions could be invalidated if the assets fall below key support levels, leading to potential declines of around 30%.
One year after the FTX collapse, Bitcoin has more than doubled in price, but other coins like Solana, OKB, and Chainlink have seen even bigger gains. Solana is up 660% since the crash bottom, benefiting from positive market sentiment and subsiding fears of a dump by FTX. OKB, the token of OKX crypto exchange, has gained 275% as its top rival FTX went bust. Chainlink, despite falling 40% after the collapse, has recovered due to lower exposure to FTX and positive developments, resulting in over 180% profits for investors.
Crypto markets experienced a boost with Bitcoin briefly surpassing $35,700 before settling back. Chainlink, Polygon, and Toncoin saw an 8% increase, while Solana, Cardano, and Polkadot rose by 3%. Fed officials have been making numerous public remarks, shedding light on the factors that could influence the next interest rate decision. The Federal Reserve board appears divided on the rates outlook but emphasizes the importance of inflation data. In stocks, U.S. indices rose for the seventh consecutive session, while European indices are looking positive. Japan's Nikkei and Shanghai Composite indices were down, despite the potential visit of China's President Xi Jinping to the U.S. next week. Chinese investors are reportedly picking stocks based on names rather than their actual performance. Oil prices continue to decline, and gold softens. Institutional interest in Chainlink is growing, with the Grayscale Chainlink Trust premium reaching 200%. Circle, the issuer of the USDC stablecoin, is reportedly considering an IPO early next year, which would further solidify crypto assets in the financial landscape.
Crypto analyst Ali Martinez warns that Chainlink (LINK) could experience a significant correction of up to 50% as whale transactions decline, indicating a lack of trading interest. He also suggests that Bitcoin (BTC) may decline 10% if it loses a key support level, while Ethereum (ETH) layer-2 blockchain Optimism (OP) is showing a bearish flag pattern, potentially leading to a continued move to the downside.
Analyst Michaël van de Poppe predicts that the altcoin market will rally in the upcoming days, following Bitcoin's recent surge. He recommends investors keep an eye on Chainlink (LINK), which could gain momentum if Bitcoin consolidates, Avalanche (AVAX), which is undergoing a retest and showing promising recovery, and Curve DAO (CRV), which is currently experiencing a period of uncertainty. However, most altcoins remain in a depression zone despite the bullish trend.
Crypto analyst Michaël van de Poppe predicts that Pepe's downtrend will continue unless bulls reclaim a key price level. He believes that Chainlink is still trading sideways between $6 and $6.85, and a breach of $6.85 will likely trigger bullish momentum. Van de Poppe sees a bullish divergence on higher timeframe support for Avalanche, and Verasity is approaching a key support level at $0.00395 that could potentially trigger a bounce for the altcoin.