Chainlink Reaches All-Time High of 769,380 Token Holders
Chainlink #LINK has reported two significant developments:
- A partnership with Mastercard, allowing over 3 billion cardholders to buy crypto directly on-chain.
- An increase in token holders to a record high of 769,380, according to Santiment.
Despite a 17.3% decline in active wallets over the past year, this suggests long-term accumulation rather than short-term trading.
Currently, LINK trades at approximately $13.29, up 1.3% in the last 24 hours. The token has maintained support around $12.66 for over two months, indicating strong buying interest.
Analyst Henry notes LINK is in a "smart money accumulation zone," predicting potential climbs to $25–$30 if momentum continues. The cryptocurrency remains about 75% down from its all-time high of $52.88 in 2021.
Price Analysis
- Bollinger Bands are narrowing, with the price testing the midline around $13.32.
- A breakout above this level could push LINK towards $15.1.
- RSI shows increasing buying strength.
- MACD indicates bullish momentum following a crossover.
- Immediate resistance levels identified at $15 and $17.
In separate news, Bitcoin Hyper (HYPER) has raised over $1.6 million in its presale, addressing Bitcoin's limitations with a Layer 2 solution designed for speed and scalability.
- Ticker: HYPER
- Current Price: $0.012025
- Funds Raised: $1.6 million