Chainlink pumps by 18 %: Probably excited X dollar rating in the future

Chainlink pumps by 18 %: Probably excited X dollar rating in the future

The price of chainlink has increased by 18%in the past few hours, which aroused the interest of the cryptocurrency industry and made speculation about a possible evaluation of $ 10 in the future. Since June 21, 2023, the price of Chainlink has risen sharply and has grown by 18% within 18 hours.

at the time of the climb, at 7:15 a.m., Chainlink was traded at a price of $ 8.17. In the last 24 hours, trade has reached a volume of $ 1.2 billion, which corresponds to an increase of 317%. Chainlink's market capital is currently $ 4.4 billion.

The development of Chainlink in 2023 started at a price of $ 5.4. After Bitcoin had exceeded the $ 20-US-dollar brand for the first time, Chainlink's price rose to $ 8.57. However, Chainlink could not keep this price and its market value was negatively influenced. In June, Chainlink's price was around $ 5.37 before there was a short-term upward trend. Recently there have been two slight climbs of the token, with the recent increase in 2%.

Influential crypto influencers like Ash Crypto are currently asking your followers after your next steps, including whether you should close your long positions at Chainlink.

The reason for the recent increase in Chainlink is uncertain because Bitcoin has given up his long-term support of $ 30. However, this had no negative effects on chainlink. Twitter searches indicate that the climb of Chainlink is related to the introduction of Chainlink CCIP. Chainlink CCIP is a cross-chain interoperability process that helps to broadcast to tokens and the interaction between different resources. It is currently available for five best programmers on five different platforms. This indicates that the programmers are confident and recognize the potential of Chainlink in the middle of the current market movements.

It is questionable whether Chainlink can reach the $ 10 brand. Since May 10, it has had difficulty going beyond the price limit of $ 2022, and his performance this year was average. In order to achieve the $ 10 brand, Chainlink would have to increase by more than 23%. However, historical trends indicate a possible decline after a strong increase. With its reddish color, the latest candle pattern indicates early signs of a decline.