3-Year Peak: Chainlink Rally Fueled By Historic Open Interest Levels
2024年12月14日 - 12:00AM
NEWSBTC
On December 13, the price of Chainlink (LINK) reached an all-time
high of $30.56, a position that it has not yet seen since January
2021. The price gained concurrent with open interest in futures,
which stood at its record-high level of $770 million. That a price
and open-interest uptick is happening and gaining attention makes
investors believe Chainlink will grow further. Related Reading:
Solana Welcomes Ethereum Prodigy – Is A Price Surge On The Horizon?
Chainlink Open Interest Shoots Up Chainlink’s futures open interest
recently demonstrates that the market is performing well and that
investors are growing more confident. Based on LINK’s open
interest, which is around twice that of Toncoin and TRON, the
futures market shows great demand for this coin. #Chainlink‘s token
$LINK has hit its highest price in nearly 2 years, and Futures Open
Interest (OI) just surged to an all-time high of $770.27M! For
context: 🔸 $LINK OI: $770M 🔸 $TON OI: $259M 🔸 $TRX OI: $356M#LINK‘s
OI is 3x TON & 2x TRX, signaling massive trading…
pic.twitter.com/Dr8YAVWJAj — glassnode (@glassnode) December 12,
2024 While some traders are winning, long-term investors have been
holding onto their respective positions, meaning there remains a
sound investment plan amidst that volatility. The analysts opine
that Chainlink’s overall fundamentals are improving since there is
an upward trend shown by active addresses. Favorable Forecasts
Anticipated Analysts are enthusiastic about Chainlink’s potential
price trajectory. Current forecasts indicate that LINK may increase
by 9% to attain $32.77 by January 12, 2025. The technical
indicators reveal a positive sentiment, as evidenced by a Fear
& Greed Index score of 76, signifying high greed in the market.
In the preceding month, Chainlink has documented 17 green days out
of 30 and has had a price volatility of 23%. Considering these
factors, numerous experts assert that it is an opportune moment to
get Chainlink. Strategic Alliances Boost Trust Rating Chainlink’s
strategic alliances are generating hope regarding its future. World
Liberty Financial recently garnered attention by acquiring LINK
tokens valued at $1 million. Furthermore, partnerships with
prominent entities such as Emirates NBD and Swift Network aim to
bolster the use of decentralized finance (DeFi) solutions and
incorporate blockchain technology into conventional financial
systems. As Chainlink forges these alliances, its status as the
preeminent oracle network is reinforced. Market analysts estimate
LINK might value $50 in the following months depending on the
continuation of present trends. Based on current price movements,
LINK appears to have passed significant resistance thresholds,
thereby allowing possible additional increases. Related Reading:
Tether’s USDT Hits New High—330 Million Wallets And Counting Given
the buying of tokens by whales and the general positive attitude in
the market, Chainlink seems equipped for constant development in
this dynamic bitcoin environment. The latest price rise by
Chainlink and unprecedented open interest numbers point to more
investor and trader confidence. LINK is ready for more advancement
in the ever-changing crypto market given its improving foundations
and upcoming strategic connections. Featured image from MoneyCheck,
chart from TradingView
Solana (COIN:SOLUSD)
過去 株価チャート
から 11 2024 まで 12 2024
Solana (COIN:SOLUSD)
過去 株価チャート
から 12 2023 まで 12 2024