The Chainlink (LINK) market is buzzing. The asset is climbing back, mirroring its peers. At the moment, LINK trades at $12.84, showing a 2% increase over the last 24 hours. Yet, it sits 75% below its all-time high of $52.88, a peak reached in May three years ago. The mood is bullish now, and the community hopes for a bright week ahead.
Changelly suggests the asset is set for a rise this month. LINK is expected to trend upward in the coming days. By July 15, the cryptocurrency could climb to the $14.92 range, an increase of 12.43%. But there are hurdles to consider. This includes network developments, regulatory changes, and market sentiment.
Chainlink Whales Move Big
Chainlink whales have made waves, amassing significant quantities of LINK during the asset’s recent decline. Earlier today, well-known market researcher Ali Martinez reported that whales scooped up an incredible 6.2 million LINK last week.
Data from Ali Martinez shows that in the past seven days, Chainlink whales have bought about 6.2 million LINK, worth $76.88 million. This accumulation appears driven by a buy-the-dip strategy as the price fell. Regular market sentiment suggests hope for the cryptocurrency, indicating that major investors believe in its continued rise. Although the asset is trading at a notable low now, changes seem to be on the horizon for the altcoin.
The community is watching closely. The whales’ activity is a sign. They see potential in LINK, and their confidence may signal a turning point. The market waits with bated breath. Will LINK rise as predicted? The answer lies in the coming days.