Chainlink (LINK) is among the best-performing cryptocurrencies this week. The asset has rallied by 5.5% in the daily charts, over 27% in the weekly charts, 18.5% in the last 14 days, and over 40% in the previous month. Moreover, LINK has maintained its growth from 2023 and is up by almost 158% since January last year.
Also Read: Chainlink Could Rally Over 100% to $34 in 2024: Predicts Analyst.
LINK’s price witnessed a massive spike in late October 2023 and another in late January 2024. LINK’s recent rally could be due to dormant whale wallets waking up and pumping large amounts of tokens into circulation. The influx of coins may have induced FOMO (Fear Of Missing Out) among investors, leading to more buys.
Will Chainlink (LINK) hit $20 this week?
According to CoinCodex, LINK will continue its bullish outlook, reaching $20.34 by Feb. 12, 2024. Hitting $20.34 would translate to a growth of about 8.36% from current levels. Moreover, CoinCodex anticipates LINK to reach $22.95 by mid-February, a rise of over 22% from current price levels.
Also Read: Chainlink Could Hit $30 Soon, Here is What Triggered LINK Price Surge.
Changelly also anticipates Chainlink (LINK) to continue its bullish trajectory. The platform anticipates LINK to hit $20.65 on Feb. 12, 2024. Moreover, Changelly predicts LINK to breach the $22 mark on Feb. 15, 2024.
Chainlink (LINK) is currently down by over 64% from its all-time high of $52.7, which it attained in May 2021, over two years ago. According to Changelly, LINK could reclaim its 2021 peak sometime in July 2026, about two years from now. Telegaon also anticipates LINK to reclaim its all-time high in 2026.
Chainlink (LINK) is a popular cryptocurrency with several global partnerships. The project has also facilitated transfers worth $9 trillion. Hence, LINK is in a solid position to continue attracting funds from investors.
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