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Reading: Is It Time to Buy LINK Coin? Popular Cryptocurrency Analyst Explains
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EdaFace Newsfeed > Latest News > Altcoin News > Is It Time to Buy LINK Coin? Popular Cryptocurrency Analyst Explains
Altcoin News

Is It Time to Buy LINK Coin? Popular Cryptocurrency Analyst Explains

vitalclick
Last updated: October 11, 2024 9:50 pm
4 months ago
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Bitcoin $60,844 price At the time of writing, it has reclaimed $63,000 and altcoins are making gains of over 3 percent again. Recovered on the last trading day of the week Cryptocurrency exchanges were also affected by the SPX performance. MSTR and COIN shares also gained between 5 and 10 percent today. So, is it time to buy LINK Coin?

LINK Coin ReviewCryptocurrency Markets Expectations

LINK Coin Review

Chainlink $11 (LINK) is a company that has virtually monopolized the DeFi field in terms of blockchain-based data feeds and has a strong growth potential in the long term. However, it could not show the desired performance because the token benefit was put on the back burner for years. This problem has been overcome to a certain extent as investors have been included in the network mechanism by activating staking pools in the last few years.

cryptocurrency analyst Tony said in the chart above that he could enter if the $12.8 support level is retracted. This point is the key level for LINK Coin. Below $9.4 is targeted as support in the decline.

Cryptocurrency Markets Expectations

In his evaluation today, Kyle mentioned that cryptocurrencies remind him of the days in 2013 and 2020. The analyst, who wrote that long-term and knowledgeable investors can see this, thinks that with increasing liquidity, the upward movement that everyone expects will eventually begin. According to the chart below, the first peak has been formed and the markets should take action for the second peak soon.

“cryptocurrency The bull run mirrors rallies in 2013 and 2020 and points to a second peak fueled by savvy long-term investors.

Liquidity may increase as interest rate cuts approach, but price movements may be rushed due to market excitement.

Fasten your seat belts for a long journey. “Positive momentum could pay dividends through 2025.”

On the other hand, the long-term Bitcoin investors metric is reporting heavy buying. Crypto Rover shared the chart below and reminded how strong the upward expectations of experienced investors are.

This situation Bitcoin and shows that more rises are coming in altcoins. BTC continues the day with a 6 percent increase at $63,224. SHIB As we warned again, it made double-digit gains.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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