NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

On-Chain Analytics: This Crypto Up 200% From December’s Bottom Has Room to Rally

Nick Chong
Nick Chong
5 years ago
2 mins read
Chainlink LINK Crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Although the entire crypto market, Bitcoin included, has posted stellar gains since December’s bottom, some digital assets have been performing better than others.

One such altcoin is Chainlink (LINK) — a prominent blockchain project linking off-chain data to platforms like Ethereum. This crypto has gained a jaw-dropping 200% since the December bottom that was established near $1.60, rallying as high as $5.00 just the other day.

Although this is already a stellar performance, especially considering that the S&P 500, commodities, and other leading signs of traditional market strength have tanked, LINK is purportedly preparing to rally even higher, on-chain data from a leading industry firm suggests.

Top Crypto LINK Has Room to Rally: Santiment Suggests

A user going by “Garry” on cryptocurrency analytics platform Santiment released an extensive analysis on LINK on Friday, providing a confluence of reasons why the crypto-asset could have room to decisively rally past $5.00 in the coming weeks. Some of these reasons are as follows:

  • Both “LINK” and “Chainlink” have appeared near the top of Santiment’s Emerging Trends tracker, suggesting the cryptocurrency is rapidly gaining popularity. This is important because a similar spike in social volume last happened in February, prior to the crypto breaking even higher than the previous all-time high.
  • The count of daily active addresses transacting LINK recently hit a multi-month higher, though this metric started to trend lower. Although seemingly bearish, Garry wrote that this is a sign that this is “similar [to the previous all-time high], [so the] trend of the crypto may continue building new tops.”
  • The cumulative balance of Chainlink’s whales (non-exchange addresses) has continued to trend higher and higher, suggesting rapid accumulation, implying investors in the cryptocurrency expect the asset’s rally to continue.

#Chainlink once again broke an all-time high yesterday, hitting $4.89! Onchain tx. volume, daily active addresses, and % active coins were all showing signs of bullishness, and it was great to see things come to fruition for $LINK holders. Read our latest!https://t.co/9qpExWObma pic.twitter.com/e40pYVXUPc

— Santiment (@santimentfeed) March 7, 2020

While there are these signs, Satoshi Flipper has suggested that Bitcoin falling under $9,000 in the coming days could jeopardize the current advantageous position of the crypto. Also, the aforementioned Santiment analysis provided its fair share of potential signs of a medium-term bearish reversal.

Chainlink’s Strong Fundamental Trend 

Although much of LINK’s recent rally seems to be based on momentum (hype), the underlying project, Chainlink, has seen a series of positive developments over the past few months.

Just recently, Ethereum-centric sports tokenization startup Chiliz revealed a partnership with Chainlink; this move sees the former crypto company use Chainlink’s technology to activate certain smart contract functions based on real-world data. This news is big because Chiliz has made major deals with football clubs, namely FC Barcelona, Juventus, and A.S. Roma.

Stretching further back in time, Google Cloud, the firm’s cloud computing services platform, released an article titled “Building hybrid blockchain/cloud applications with Ethereum and Google Cloud”.

In this article, the company mentioned the importance of Chainlink, with Google adding that it has integrated the project, allowing for Ethereum smart contracts and crypto assets to interact with BigQuery, Google’s data analyzer and portal.

Featured Image from Shutterstock
Tweet123Share236ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Whale Goes Big — $255M Longs Opened Before Trump–China Summit

Bitcoin and Ethereum rose after US President Donald Trump confirmed a meeting with China’s leader during the APEC summit on...

Christian Encila 2 hours ago

Snorter Bot 代幣最後機會入場!距離領取倒數6天 潛在 2260 倍暴漲在即?

Snorter Bot Token (SNORT)的最後買入周正式開啟。專案宣佈將買入期限延長至 10 月 27 日 UTC 時間下午 2 點,這也是投資者在認領階段上線前的最後機會。 只剩6天倒計時...

newsbtc 2 hours ago
Solana SOL SOLUSD

Analysts See $250 Rally Ahead as Solana Holds Key Support and Trading Volume Surges

Solana (SOL) is back on the front foot after a choppy week, trading near $194 and holding a critical support...

James Halver 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Death Cross That Last Preceded A 60% Drop Just Returned

Keshav Verma 45 minutes ago
bnb-price-analysis-market-rebound-boosts-bitcoin-hyper-presale-24m-tw

BNB價格分析反彈重燃市場信心 資金回流推動Bitcoin Hyper預售破2,400萬美元!

Mark Mak 1 hour ago
Ethereum

Ethereum’s Open Framework Is A Playground For Grifters — Here’s Why

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:政府閉鎖で注目高まるCPI発表と次回利下げを巡るFRBの動き

    ...

    12 hours ago
  • ドージコイン 今後の価格予測:0.86ドル到達の可能性、次世代ミームトークンが10倍成長か

    ドージコイン...

    13 hours ago
  • リップル 今後 に注目:オプション市場の強気転換が示すBTC・ETHからXRP・SOLへの資金移動

    リップル 今後...

    13 hours ago
  • 新しい仮想通貨が急上昇:レイヤー2プレセールで2,500万ドル目前

    ...

    13 hours ago
  • コインベース市場回復前に注目すべき仮想通貨プレセール銘柄

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.