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Chainlink (LINK) seems to be following the larger market recovery. The asset has rallied 2.2% in the daily charts, 4.9% in the weekly charts, 15.1% in the 14-day charts, and 4.3% over the previous month. The market recovery could be due to increased investor confidence, fuelled by the rising chances of Donald Trump winning the US Presidential race. Trump is a vocal crypto supporter, and his chances of reclaiming the Oval Office have greatly increased after the assassination attempt on his life. Also Read: Chainlink Predicted To Rally 24% and Hit $15.50: Here’s When While LINK is already on the recovery path, prominent crypto analyst Ali Martinez predicts the asset to hit $18.3 if it sustains its price above $14.7. Hitting $18.3 from current price levels would translate to a growth of about 27%. LINK climbed to $15 earlier today but has since fallen to $14.4. How high will Chainlink go this week? Source: Blockchain News According to the researchers at CoinCodex, LINK will rise to $15.19...

Chain LINK ( LINK ) is poised for a substantial price surge, according to a recent tweet by prominent cryptocurrency analyst Michaël van de Poppe. The analyst suggests that Chainlink has awakened from a crucial support area. This indicates that the low is likely in and that a continuation of the upward trend is expected. Van de Poppe goes on to state that he wouldn’t be surprised to see a 150-300% price increase. Also read: VeChain June Price Prediction: Can VET Hit $0.05? #Chainlink woke up from the crucial area of support. Likely, there's going to be continuation and the low is in. From this point, I wouldn't be surprised with at 150-300% price increase. pic.twitter.com/ulweEUpAYV — Michaël van de Poppe (@CryptoMichNL) May 27, 2024 Chainlink’s Recent Price Performance and Expert Predictions Chainlink has been experiencing significant growth in recent weeks. LINK is currently trading up 6.2% in the last 24 hours and an impressive 26...

Chainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest. Eligible users staked some 40.8 million Chainlink (LINK) tokens worth an estimated $632 million during the protocol’s early access staking program, signaling strong interest in its v0.2 infrastructure. Stakers filled the allocation within six hours after Chainlink raised its pool limit from 25 million LINK in v0.1 to 45 million under the latest iteration, accounting for 8% of the token’s circulation supply. Chainlink said it would allow general access on Dec. 11, enabling anyone to stake up to 15,000 LINK. This move to provide a revamped staking model is reportedly part of Chain link’ s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.  Specifically, Chainlink Staking enables ecosystem participants, such as node operators and community members, to back the performanc...

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000. Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcem...

Chainlink, a decentralized oracle network, has come under scrutiny for altering the security measures of its multi-signature ( multisig ) wallet . Crypto researcher Chris Blec was one of several users on X (formerly known as Twitter) who criticized Chainlink for discreetly lowering the number of necessary signatures on its multi-signature wallet from a 4-of-9 configuration to 4-of-8. The 4-of-8 multisig configuration serves as a security protocol, requiring at least four out of eight signers to approve a transaction. In a Sep. 24 post, Blec highlighted a message from a pseudonymous user revealing that a wallet address had been quietly removed from Chainlink’s multisig wallet without any formal communication from the company. Chainlink multisig has removed a signer and is now a 4-of-8 multisig. This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide. Completely centralized under this multisig. https://t.co/GOAtJXShIV — Chri...

With the global crypto market cap down by around 2%, most top coins were trading in red on Tuesday. Like always, exceptions managed to garner the limelight. Decentralized blockchain and oracle network Chain LINK ’s native LINK token defied the broader slump and emerged as the second largest gainer today. The whole ecosystem is currently bearing the brunt of the FTX fallout. Nonetheless, it seems like Chain LINK has benefitted from the same. A recent tweet by Santiment revealed that the network’s active addresses began surging around the time FTX collapsed. In fact, it is currently, hovering around its May 2021 high. Chalking out the same, the analytics platform tweeted, “ The bigger story is the LINK ’s sudden active address surge, which began surging approximately when the FTX fallout occurred, & it is still up at one-year high levels. “ As far as numbers are concerned, over 8k unique addresses interacted—or became direct participants in su...