✅Investment companies buy more than $30 million of currency #link

↖️ Analysts expect the price of the #LINK✅ currency to rise despite the current challenges.

🔶Despite these positive developments, this has not yet been reflected in the price of LINK, which is currently trading at $14.41, down 72.6% from its highest level in May 2021.

🔀 Analysts see this decline in the increased supply of LINK coins, which rose from 425 million units in May 2021 to 608 million units on June 29, 2024.

✔️This large increase in supply, without a proportional increase in demand, led to an oversupply in the market. Ultimately, it contributes to the stagnation of the cryptocurrency price.

🟢However, analysts maintain positive long-term expectations for the LINK currency. Analyst Michael van de Poppe pointed to a recurring pattern in the LINK price movements, expecting the digital currency to enter a near upward phase#EarnFreeCrypto2024 .