Chainlink’s prediction after Grayscale removed the token from its fund

Chainlink’s prediction after Grayscale removed the token from its fund
фото показано с : coinjournal.net

2022-7-12 22:49

Chainlink’s token LINK was recovered from the Grayscale fund

LINK powers the decentralized oracle network

The cryptocurrency is robust, although resistance holds it back

Chainlink’s LINK/USD may not be among the week’s strongest tokens. With 7-day gains of around 1.18%, the price has been relatively consolidating. However, it has kept key levels intact, implying a potential price take-off in the next few days.

LINK is the native token of a decentralized oracle network. Chainlink’s oracles are bridges connecting smart crypto contracts and off-chain data. Thus, the network’s continued growth is tied to the demand for smart contracts. Recently, the network announced that its smart protocols were live on the Fantom mainnet. Chainlink also, on June 7, announced a new road map that will introduce staking on the platform. The developments have been positive for LINK, which has been staging recoveries.

The most recent development has, however, been negative for LINK. On July 8, asset manager Grayscale Investments announced the removal of LINK from its Digital Large Cap Fund. The removal also included LTC, BCH, UNI, and DOT. However, the move has caused a little impact on LINK, which has been showing strengths lately. We believe LINK could stage a major comeback if it maintains key levels.

LINK recovering key level of $6.3 after slipping below it

Source – TradingView

The daily chart shows LINK trapped below the $7.4 resistance. The price has attempted a break above the level severally, but bears have taken control. The crypto’s support is currently at $6.3. MACD signal is above the moving average, meaning that the token is still bullish. We believe LINK is staging a recovery soon, although the price could remain subdued for a while. If the price fails to hold $6.3 support, it could slide to $5.6.

Summary

Chainlink’s token is robust despite its removal from the Grayscale fund. The token is recovering the $6.3 support but could remain subdued by the $7.4 resistance. Consider buying above the $5.6 support.

The post Chainlink’s prediction after Grayscale removed the token from its fund appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

token grayscale chainlink fund link removed prediction

Источник: coinjournal.net

token grayscale → Результатов: 23


ChainLink, Livepeer, Filecoin «выстрелили» после запуска траста Grayscale

Компания Grayscale, под управлением которой находятся цифровые активы на сумму до $43,6 млрд, запустила новые трасты. У институциональных инвесторов появилась возможность направить средства в продукты, ориентированные на ChaniLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL) и Livepeer (LPT).

2021-3-18 17:32


Альткоин ChainLink «выстрелил» после запуска траста Grayscale

Компания Grayscale, под управлением которой находятся цифровые активы на сумму до $43,6 млрд, запустила новые трасты. У институциональных инвесторов появилась возможность направить средства в продукты, ориентированные на ChaniLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL) и Livepeer (LPT).

2021-3-18 17:20


Фото:

Крупнейший криптовалютный фонд запускает пять трастов

Grayscale предложит клиентам инвестировать в альткоины. Крупнейший криптовалютный фонд, американский Grayscale, который известен своими значительными инвестициями в биткоины, намерен открыть пять трастов, ориентированных на пять альткоинов: Chainlink (LINK), Livepeer, Filecoin (FIL), Basic Attention Token (BAT) и Decentraland (MANA).

2021-3-18 11:46


Фото:

Grayscale May Launch New Trusts for AAVE, Monero, and Polkadot

Grayscale, a New York-based crypto fund describing itself as an authority in digital asset investing and cryptocurrency asset management, appears to be readying themselves for a DeFi future judging from their document submission for registration of several new trusts among them for a decentralized finance governance token, checks on Jan 28 shows. Focus on Interoperability,Read More

2021-1-29 14:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cboe to launch first cash-settled options for spot Bitcoin

Cboe Global Markets plans to launch the first cash-settled index options that will reflect the price of spot Bitcoin. The Cboe Bitcoin U.S. ETF Index, with the ticker CBTX, will track the performance of spot Bitcoin (BTC) exchange-traded funds listed…

Bitcoin hit $95,000: heading to $100k target price

Bitcoin, the world’s largest cryptocurrency, hit a new all-time high of $95,672 on Thursday after its price rose to 3.55% in the past 24 hours; the next target is $100k. For the first time, on Nov. 21, Bitcoin reached the…

Pump.fun clone Emojicoin goes live on Aptos blockchain

Aptos, the blockchain network backed by a16z, has seen its first pump.fun clone emerge, as meme coin mania continues to thrive. Emojicoin, a new platform built on a Move-based blockchain, has gone live on the Aptos (APT) blockchain, offering users…