Chainlink on-chain data flashes signs of growth as the number of active addresses within the Chainlink network has increased from 2,900 on May 18 to 11,300 on May 21. LINK costs $22.
Oracle service provider Chainlink has largely decoupled from the broader market correction, up more than 6% in the past 24 hours.
As of press time, Chainlink (LINK) is trading near its key resistance of $17.5 and its market cap has surpassed $10.1 billion. Additionally, the daily trading volume for LINK has also increased by 80% to $858 million.
Chainlink On-Chain Data Flashes Bullish Signal
According to insights from on-chain data provider Santiment, Chainlink (LINK) has emerged as one of the top performers in the cryptocurrency market, crossing the $17.50 mark for the first time in six weeks.
Today’s on-chain analysis reveals a striking trend: for every one Chainlink transaction recorded in a loss, there are 11 transactions showing a profit. This remarkable ratio marks the highest level observed since December 8, 2022, indicating a strong bullish sentiment around Chainlink’s recent price movements.
This Breakout Can Trigger Major Surge for LINK Price
The current Chainlink price is facing resistance due to the daily bearish order block, where key market participants have historically placed sell orders at $17.58.
This resistance level coincides with the weekly resistance barrier at $16.48. A failure by buyers to push LINK’s price higher could potentially trigger a pullback. In such a case, an analysis of the Volume Profile indicator shows that a significant volume of trade has taken place around $14.62, indicating a possible support for the expected correction.
Notably, this level closely aligns with the 61.8% Fibonacci retracement level, offering an attractive accumulation zone for a possible second bullish leg.
A recent surge in bullish sentiment following the approval of the Ethereum Spot ETF has fueled optimism. If Chainlink finds support near $14.62, it could signal an 18% rally to retest the $17.58 daily order block.
In an extremely optimistic scenario, a successful breach of this resistance level could push the price of Chainlink to $22, marking a cumulative gain of 50%, amid the Chainlink Wheel rally.
Even with strong technical analysis and on-chain data supporting Chainlink’s potential, a weekly candlestick below $13.59 would negate the bullish outlook by forming a low on a higher time frame.
Such a scenario could result in a 13% drop in LINK’s price, potentially leading it to a key support level at $11.80.
Additionally, on-chain data also shows improvements for Chainlink. The number of active addresses within the Chainlink network has grown significantly, increasing from 2,900 on May 18 to 11,300 on May 21. This remarkable increase indicates the growing demand for the Chainlink platform.
#ChainlinkUpdate #cryptupdates #newsdaily $LINK

There are various rumors and predictions about Chainlink's price in the current bull run, ranging from conservative to highly optimistic. Keep in mind that these are just speculations and not investment advice. Some of the rumors and predictions include:

$50-$75: A common prediction among analysts, considering Chainlink's strong fundamentals, partnerships, and increasing adoption.$100: Some experts believe Chainlink could reach $100 due to its growing importance in the DeFi ecosystem and potential use cases in traditional finance.$150-$200: More bullish predictions suggest Chainlink could reach $150-$200, driven by increased demand for decentralized oracles and its expanding role in the blockchain industry.$300-$500: Some highly optimistic predictions suggest Chainlink could reach $300-$500 or more, fueled by widespread adoption, new use cases, and a potential listing on major traditional exchanges.

Before investing in Link, it's crucial to understand the following key points.

- Chainlink is a decentralized oracle network that provides real-world data to smart contracts on various blockchain platforms.
- By partnering with banks and financial institutions, Chainlink aims to bridge the gap between traditional finance and decentralized finance (DeFi).
- These collaborations enable the use of Chainlink's oracles to access off-chain data, such as market prices, payment processing, and identity verification, making it possible to create more complex and secure smart contracts.
- Some specific examples of these partnerships include:
    - BNP Paribas using Chainlink oracles for their decentralized lending platform.
    - BNY Mellon and Chainlink working together to develop a decentralized asset management platform.
    - Citi and Chainlink collaborating on a cross-border payment solution using blockchain technology.

These partnerships demonstrate the growing interest in blockchain technology and DeFi among traditional financial institutions and highlight Chainlink's role in enabling these innovations.

Remember, these are just rumors and predictions. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research, set realistic expectations, and never invest more than you can afford to lose
DYOR
$LINK #LINKUSD #ChainlinkUpdate

Online marketplaces have now gained immense popularity as individuals prefer the ease of buying and selling online over the rigorous conditions of traditional markets. When it comes to online buying and selling, eBay comes to mind.
Nevertheless, despite being one of the major online marketplaces, eBay has its setbacks which pose difficulty for both buyers and sellers. A few of these setbacks are seen in subsequent paragraphs.
First, unlike other popular marketplaces, eBay is popular for charging high fees and commissions on goods. For sellers, this may be difficult to gain profits eventually. In fact, you may even have to pay for little things like listings, scheduling, and final value fees. On the other hand, buyers may have to pay for payment processing especially if you make use of Paypal.
Do not flinch; what if you could make use of another marketplace such as Pushd (PUSHD) where you can evade ridiculous high fees? Pushd (PUSHD) is a new Web3 marketplace created to make online buying and selling stress-free for individuals.
Additionally,  unlike eBay, Pushd (PUSHD) requires no KYC processes involved with buying and selling so you do not have to be worried. This makes Pushd (PUSHD) a better alternative to eBay or other online marketplaces.
Why Pick Your Next Investment in Pushd (PUSHD) Rather than Chainlink (LINK) or Polygon (MATIC)?
While the crypto market is known for being risky, investors are on the lookout for risk-worthy investment opportunities. Over the years, Chainlink (LINK) and Polygon (MATIC) have seen more ups and downs, and investing in them may not be a smart decision now socially if there is a better opportunity like Pushd (PUSHD).
On the one hand, Chainlink (LINK) higher volatility gives concern to investors. You wouldn’t want to invest in a coin that easily fluctuates like Cameleon and not generate enough revenues eventually.
On the other hand, Polygon’s (MATIC) dependence on the popular Ethereum blockchain network limits its worth. This means that the death of Ethereum ultimately leads to the end of Polygon (MATIC).
Moreover, in 2021,  Polygon (MATIC) was attacked leaving hackers to cart away 801,601 Matic tokens.
However, recently, there has been a new investment opportunity available to investors called Pushd (PUSHD). Pushd (PUSHD) is where every investor is picking their next investment.
Pushd (PUSHD), the Future of the Crypto World and Online Marketplaces
Like other marketplaces, Pushd (PUSHD) is a fully decentralized marketplace here to make online buying and selling easier, safer, and faster. In addition, Pushd (PUSHD) is different in that it addresses the high fees associated with buying and selling in the online space.
Moreover, Pushd (PUSHD) offers instant deposits and withdrawals for clients. You don’t have to worry about network failures as it is built on blockchain technology.
Furthermore, the presale token holders will have the chance to propose changes to the platform when it launches. Even more, is that you can earn by taking part in rewards and VIP programs.
Pushd (PUSHD) is at stage 3 of the presale and seen many investors dive into the project, this is the best chance to pick your investment opportunity.
⚠️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.
#ChainlinkUpdate #Link $LINK