Chainlink (LINK) has a strong upside potential thanks to the accumulation of large investors and collaborations with giant companies like Swift. Analysts predict that LINK could reach $100 in a bull market, and technical indicators support this goal. Chainlink’s long-term success will be shaped by market trends and strategic partnerships.
The volatility in the cryptocurrency market has also affected strong projects like Chainlink (LINK). LINK experienced its first weekly decline last month, while other altcoins like Ethereum and Cardano also experienced similar declines. However, many analysts believe that LINK could recover from this short-term correction and rise to $100 in a bull market.
According to Santiment data, LINK’s price has attracted attention by exceeding $29 after 37 months. The main reason for this rise was the accumulation of tokens by large investors, known as “whales” and “sharks.” In the last two months, large investors bought 5.69 million LINK, while smaller investors sold 5.67 million LINK during the same period. Historically, the market value of assets like LINK has increased significantly during periods when large investors make purchases.
Popular crypto analyst WSB Trader Rocko predicts that LINK could reach $100 in a bull market. From the current price of $22.65 to $100 would represent a 354% increase. Rocko bases his prediction on LINK’s partnerships with major companies like Coinbase, Swift, and Citi. These strategic partnerships are key to Chainlink’s long-term success.
Chainlink’s charts are showing a “Cup and Handle” formation, which is typically bullish. This formation suggests that LINK could reach $40.80. If this level is broken, the next target would be to break past the all-time high of $52.90. Experts say that breaking this level could pave the way for LINK to reach $100.
Swift partnership and long-term potential
Chainlink’s collaboration with major financial institutions like Swift significantly increases the project’s growth potential. Swift has an annual transaction volume of over $150 trillion, and integrating Chainlink into its network could allow the project’s market value to exceed $500 billion in the long term.
