#chainlik #latestupdate
Cryptocurrencies have made plenty of millionaires over the last decade.
Bitcoin bulls like MicroStrategy:
executive chairman Michael Saylor expected the largest crypto name to soar even higher in the long run, possibly creating many more millionaires along the way.
Now, buying Bitcoin isn't necessarily easy. You need an account with a cryptocurrency exchange, you must be comfortable sharing your bank information with that exchange so you can fund that account, and then you have to read up on the buying process. That used to be the only way to add direct Bitcoin exposure to your investing portfolio.
That changed in January 2024, when the Securities and Exchange Commission (SEC) allowed the launch of 11 spot Bitcoin exchange-traded funds (ETFs). Now you can buy or sell shares of these funds in pretty much the same way you'd buy and sell any ordinary stock, and their share prices are directly tied to the real-time Bitcoin price.

So it's easier than ever to start a Bitcoin investment. The largest and most popular spot Bitcoin ETF so far is the iShares Bitcoin Trust ETF (NASDAQ: IBIT). Can you trust this iShares trust to make you a million dollars?
Is Bitcoin a sensible investment?
First and foremost, the iShares Bitcoin Trust makes sense only if you expect the underlying Bitcoin crypto to make money. The Michael Saylors of the world are convinced that it will, but many investors disagree. Master investor Warren Buffett, for example, won't buy this ETF any time soon.
In 2018, Buffett predicted that Bitcoin "will come to a bad ending," along with the rest of the crypto market. Four years later, he still wouldn't have bought "all the Bitcoin in the world" for $25, because it doesn't produce anything of value.
I can't and won't argue with the greatest of all investing minds. Maybe he's right, and I certainly wouldn't recommend converting your entire nest egg into Bitcoin. But I do see enough value in this secure form of digital value storage to set up a small Bitcoin position for myself. Cryptocurrencies account for less than 1% of my overall investments, and Bitcoin isn't even the largest slice of those holdings.
So I stand somewhere in between the extreme positions of Warren Buffett and Michael Saylor. I'm willing to take a chance on Bitcoin investments, but not a very large one. That approach makes more sense to me than staying on the sidelines or going all-in. Your mileage may, as always, vary.
#writw2earnn #Haider

$BTC

As the momentum in altcoins appears to be gathering amid Bitcoin’s break above $105K, whales have recently been hovering around Chainlink price.
According to a transaction tracked on the blockchain, a whale took out 429,999 Chainlink (LINK) tokens. It was equivalent to about $12.55 million, and 1,600 Ethereum (ETH), worth roughly $6.3 million, from exchanges.
Altcoin’s Showing Recovery Signs
As Bitcoin surpassed $105,000, analysts are noting signs of recovery in altcoins. Chainlink price in particular has jumped by over 5% in the last 24 hours ahead of Bitcoin’s pump.
Charts from crypto analyst Crypto Rover highlight some patterns that could influence what altcoin investors should be taking into consideration.
His charts mark out a peak in BTC dominance called ‘TOP,’ where the market share of Bitcoin tops out. A red circle marks this peak. The most famous of these formations is the top formation. It is known to be the point at which Bitcoin’s price or dominance might start to drop, given it is the top formation.
It makes it less favorable than altcoins. There’s a big drop in BTC dominance following the top. An immediate steep drop after the peak is visually represented. This steep fall may signal that investors are reallocating their resources from Bitcoin into other altcoins lowering the BTC’s proportion of the market power. Usually, both of these tend to rise simultaneously in the altcoin markets.
What Next for Chainlink Price?
Looking at an in-depth analysis, we see that LINK saw its price fluctuate, as we can see in the chart, with a huge spike in early December. It reached a high of around $30.85. Chainlink price has since been in consolidation mode within a known resistance zone shown in pink ($30 to $30.34).
We see the pink box indicating a resistance zone, the price has failed to break out higher on multiple occasions and has bounced off this range. This zone seems to have its upper boundary as a strong resistance level that the price has tested but hasn’t convincingly broken above.

However, the Money Flow Index (MFI) of 46.32 is in a neutral market sentiment. A reading above the MFI of 50 means the buying and selling pressures prices are in equilibrium.
Green most recent candles indicate some buying interest at the current levels. The price however has now entered the resistance zone but still hasn’t broken it to the upside, which means there is price uncertainty in further moving upwards.
With a sign of a bullish trend on MFI and if LINK manages to break through the resistance zone with a good volume, this might be a strong buying opportunity and prices can be higher.
A strong resistance could be broken, otherwise, if the price fails below the $28 support level it means a bearish trend in which the price shall fall to lower supports.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#LINK🔥🔥🔥 #chainlik

In the ever-changing world of cryptocurrencies, this week's standout performer is Solana (SOL). According to an analysis by CoinDesk, between May 17 at 4:00 PM and May 20 at 9:00 AM, SOL grew by 5.4%, making it the top gainer among the top 20 cryptocurrencies.
Weekly Performance Review
Based on the CoinDesk 20 (CD20) index, the second-largest gainer after SOL was Bitcoin Cash (BCH), which saw a 4.3% increase. Chainlink (LINK) and Uniswap (UNI) followed with growth rates of 2.0% and 1.9%, respectively.
Overall, eight of the cryptocurrencies in the CD20 index showed positive growth. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) registered small increases of 0.1% each.

#solana #chainlik #uniswap #coindesk #cd20 $SOL $BCH $LINK

3 signs that forecast Chainlink price will rise to $50
Chainlink price continued its strong rally this week, reaching a high of $29.4, its highest level since November 2021.
Chainlink link 12.14% Chainlink, the largest oracle network in the crypto industry, has risen for four consecutive weeks, marking its longest streak since 2023.
There are indications that LINK’s price will continue to rise in the coming months, with potential to reach $100. First, whales have steadily accumulated the coin over the past few months.
According to Santiment, wallets holding over 100,000 coins have acquired 5.69 million LINK tokens in the last two months.
Conversely, holders with less than 100,000 coins have sold 5.67 million coins. Historically, such dynamics are typically positive for a cryptocurrency.
Whales have continued to accumulate Chainlink coins. For example, according to Etherscan, one whale moved coins worth over $1.7 million from Coinbase on Thursday.
In line with this, tokens on exchanges have dropped to 254.4 million in the last seven days. They have been in a steady downward trend in the past few months.
Second, Chainlink has forged significant partnerships in recent months. Earlier this week, the developers announced collaborations with Coinbase and Emirates NBD, a bank with over $200 billion in assets.
Chainlink has also partnered with organizations like Swift Network. Notably, Swift recently conducted a large-scale tokenization trade with UBS, the world’s largest wealth manager.
Swift plans to integrate Chainlink’s technology into its money movement business, which processes over $150 trillion annually.
On top of this, Chainlink has become the biggest oracle network in terms of total value secured. The $38 billion it has secured is higher than the other ten oracles, combined.
Chainlink price has strong technicals
The weekly chart shows that LINK has maintained a strong bullish trend over the past few weeks. It recently crossed the critical resistance level at $22.85, its highest swing in March of this year.
The coin has also moved above the 50% Fibonacci Retracement level, and the percentage price oscillator has risen above the zero line.
The next key level to watch is $52, Chainlink’s all-time high, which is about 88% above the current price. A decline below the support level of $22.85 would invalidate the bullish outlook.
#chainlik #LINK🔥🔥🔥 #AltcoinSeason #cryptocurrencies #CryptoNews