$LINK

LINK Going for A New ATH?

It is difficult not to recognize the recent break of the LINK/USDT trading pair toward the upward side you wonder if you're late to the party already!

Let me answer, YOU'RE NOT LATE!

Let's do a quick analysis of the LINK/USDT daily chart TF.

LINK is currently facing a resistance at the 17.932 zone. However, the bullish strength of the market is still high and significant.

This means that if the candlestick ends above the resistance zone, then get ready for another impulsive upward move toward the 27.14k zone! If not, we'll be needing another confirmation!

Here are facts you should know about the Chainlink project:

LINK is the native cryptocurrency of Chainlink, a decentralized network of oracles that provides real-world data to smart contracts on various blockchains. LINK is used to pay node operators for their services and to incentivize them to provide accurate and reliable data.

- LINK was launched in June 2017 by a company called SmartContract, co-founded by Sergey Nazarov and Steve Ellis.

- LINK has a total supply of 1 billion tokens, of which 568 million are currently in circulation. The remaining tokens are locked in various wallets for development and node rewards.

- LINK reached its all-time high price of $52.88 on May 10, 2021. As of February 3, 2024, LINK is trading at $14.35 with a market cap of $8.16 billion.

- LINK is compatible with Ethereum and other blockchains that support smart contracts, such as Binance Smart Chain, Polygon, and Solana.

- LINK is one of the most widely used oracle networks in the crypto space, powering projects such as Aave, Synthetix, and MakerDAO.

How Do you feel about LINK? Let me know!

Don't forget that I'll always be keeping an eye out for update!

Let's meet at the Top!