Chainlink (#LINKUSD is the best altcoin to buy right now!

After being caught in a market correction over the past few weeks, Chainlink (LINK) price has established a solid support range between $12 and $13. The mid-cap altcoin, which has a fully diluted valuation of around $15 billion, has gained over 6% over the past two weeks and was trading around $14.80 in early New York trading on Monday.

However, the ongoing crackdown on cryptocurrencies by the U.S. Securities and Exchange Commission (SEC) has greatly dampened bullish sentiment. In the latest update, the SEC issued a Wells Notice to Robinhood Markets regarding its crypto business.

Chainlink Price Changes Ahead of Major Scandal:

Chainlink price is currently poised to rise to new all-time highs (ATH) after successfully retesting a bullish breakout against the U.S. dollar. Over the past few weeks, LINK price has been retesting cycle bottoms against Bitcoin (BTC).

As LINK price successfully breaks out of sideways consolidation in the coming weeks, the coin is poised to rise nearly 10x in the short term. After forming a daily reversal pattern against the U.S. dollar, LINK The price must consistently close above $18 to protect the upward momentum.

Why you should bet on LINK:

The Chainlink network has evolved into a respected Web3 platform that enables smooth tokenization of real assets, thanks to the Internet Interconnection Protocol (CCIP).

The Chainlink oracle dataset is used by dozens of web3 platforms such as AAVE and Synthetix, among others. Notably, the Chainlink network has handled over $10 trillion in transactions.