Bitcoin Mobilized, Altcoin's Price Soared! Will the Altcoin, which rose 57 percent in 1 week, stop? Analyst Commented!
The rise in the LINK price is unstoppable. While the weekly gain was 60% and this increase was experienced, the increase in the last 24 hours was 10%. It is already a matter of curiosity at what point the Chainlink price rally may end. As of press time, LINK is trading at $11.37, up 9.66%.
This huge price increase took Chainlink (LINK) to the 12th place in the market value ranking. Following the latest price increase, Chainlink's market cap has increased by more than $2 billion
Cryptocurrency analyst Felix recently made a post on X. The analyst, who also shared an analysis about the LINK price, stated that larger price movements could occur, especially if the resistance level of $ 9.6, which has existed for 500 days, is broken.
Additionally, the analyst pointed out that the large accumulation made by investors recently may have contributed to the price increase. During the period when the price level was at $ 7.26, LINK worth approximately $ 9.92 million was sent from exchanges to wallets. The 50% increase in the LINK price in the period following this big move continues to be reflected in the charts.
LINK Coin Future
According to Felix, the cryptocurrency ecosystem is growing. Again, according to the analyst, in the growing ecosystem, the LINK price can only show an upward trend. There was an increase in both active addresses and new addresses in the Chainlink network. According to data provided by IntoTheBlock , active addresses on the Chainlink network have become more popular following the price increase and are increasing steadily.
There has been a 112% increase in the number of active addresses on the network in the last 7 days. Another noteworthy point was the 190% increase in the number of new addresses. More than 12,000 transactions took place on Chainlink on October 23. The realized transactions indicated the peak of 7 days.
**Not Investment Advice
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