Chainlink (LINK) might witness a breakout as several metrics favor the cryptocurrency in the last three weeks. Notably, data shared by IntoTheBlock, a market intelligence platform on X, show promise.

Denpasar, Bali / Indonesia, 9th December 2024, Chainwire

Chainlink Price has experienced a significant surge since early November, climbing 80% and reaching its highest point since January 2022. The cryptocurrency maintained a strong uptrend for three weeks before encountering a mild market correction.

Chainlink (LINK) is currently in the spotlight as it inches closer to its three-year price peak. With a 7.22% price surge over the last 24 hours, LINK is trading at $24.96, just 10.8% below its three-year high of $27.89 reached in January 2022.

It was a sea of red in the crypto industry, with Bitcoin price falling to $98,000 and the total market cap of all coins falling by almost 4%. Still, cryptocurrencies have been the best-performing assets in the last decade, with most of them beating traditional assets like stocks and gold.

Bitcoin (BTC) dipped below the $100,000 level earlier today as its price continues to consolidate while facing resistance around the $101,000 mark. The price had risen to $101,267 early during trading but fell considerably to a low of $99,113 before marginally recovering to settle at its current level.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier. The ARB price reached a high of $1.23 on December 6, the highest level for the cryptocurrency since May.

Chainlink's price surge coincides with a 177% rise in trading volume and a boom in whale holdings. The technical analysis targets $32, but the rising adoption and Chainlink's role in Brazil's CBDC project hint at an extended rally.

Chainlink continues to expand its use cases with multiple collaborations. In a recent update, the platform has joined Banco, Microsoft, &COMm in phase 2 of Brazil's BRX CBDC pilot. Besides, the platform's adoption rate has been soaring, suggesting a positive impact over its native token, LINK, which has broken above the range.

By breaking below the $25.50, LINK price is signaling a potential bearish takeover. However, on-chain metrics offer reprieve.

The altcoin industry has signaled a major bull rally in the near term after consolidating in the past eight months.

Chainlink (LINK), the decentralized oracle network, is showing signs of a potential breakout towards its all-time high (ATH) of $52. With the market watching closely, LINK's current price of $25.50 presents an opportunity for a 40% rally.

Polkadot (DOT) has been one of the standout performers in the crypto space recently, showing strong bullish movement throughout the last month. However, despite a recent surge that saw the price peak at $11.65 in early December, technical indicators suggest that a short-term pullback could be on the horizon.

Arbitrum (ARB) has seen notable chain growth over the last 24 hours, surpassing competitors like Solana and Sui Network in terms of Chain Netflow. However, despite this positive activity on the network, the token's price remains stagnant, leaving traders questioning whether ARB can sustain upward momentum.

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Polkadot (DOT) is turning heads in the cryptocurrency market with its recent price surge and record-breaking activity levels. Over the past month, DOT has gained remarkable momentum, climbing to its highest prices in nearly a year.

In the last seven days, the price of Chainlink (LINK) has climbed by 36.55%, bringing the token's value to its highest level since January 2022. This increase coincides with a broader altcoin rally that has seen many cryptos erase a big bunch of the losses accrued over the last few months.

With $30 within reach, LINK's journey depends on bulls making a timely and strategic move to seize the opportunity before it slips away.

Over the past week, the cryptocurrency market was not particularly on that impressive streak many investors may have now become accustomed to. However, the large-cap altcoins seem to have woken from their slumber to close the week, with the Chainlink price showing good signs of recovery after falling into a consolidation range.

Story Highlights The LINK price records a new 52-week high of $26.77 with a trading volume of $1.72 billion. A potential breakout rally could push the price of this altcoin toward the $32 mark. Technical indicator EMA 50/200-day record a Golden Cross in the daily time frame.

On-chain charts show that Chainlink (LINK) has registered up to a 7.22% increase in price to $24.96 over the past 24 hours. This places the token at about 10.8% from its three-year peak attained in January 2022.

Chainlink has emerged as one of the top-performing altcoins with 45% gains on the weekly chart. The LINK price surged all the way to $26.7 levels for the first time since January 2022, after giving a crucial breakout above $20.

Chainlink (LINK) has recently garnered significant attention, with a series of metrics suggesting the potential for further growth. After an impressive 126.19% gain last month, the cryptocurrency is now in a consolidation phase, but several indicators point to a possible upward trajectory in the near future.

Chainlink seems to be getting ready to break its current all time high soon. The investors have been waiting for over 3 years for LINK to break past $52. Even though the trading volume is low, market intelligence platform Santiment thinks it is time for the token to take a jump and create new history.

ARB's positive chain growth over the last 24 hours may not be enough to drive a price surge.

The buying volume has been soaring over the past month, evidenced by the OBV's new high.

Blockchain technology has been evolving rapidly over the last decade, bringing innovative solutions to the crypto world. One of the latest projects making waves in this space is Celestia (TIA), a modular blockchain platform designed to address many of the issues faced by traditional blockchains.

Kraken has announced upcoming listings for several tokens on December 11 and 12. The exchange will introduce FWOG (FWOG), GOAT (GOAT), and SPX (SPX) on December 11.

Kraken has announced upcoming listings for several tokens on December 11 and 12. The exchange will introduce FWOG (FWOG), GOAT (GOAT), and SPX (SPX) on December 11.

TL;DR dYdX price rises 24% after David Sacks is appointed as AI and crypto “Czar” at the White House. Trading volume increases by 270%, reaching $453 million, and its market capitalization rises to $1.5 billion. Craft Ventures' investment in dYdX and Sacks' appointment as “Czar” generate strong bullish sentiment, with net investment flows surpassing $2.

Today, Bitcoin's price experienced a significant drop from its $100K level, while the altcoin market remained strong. Among the standout performers, the price of dYdX soared over 35%, reaching the $2.5 resistance mark. Triggered by increasing demand and positive news, analysts are bullish that the dYdX price may soon surpass the $3.2 resistance level.

Litecoin joined Polkadot as an underperformer, falling 3.8%.

Following the appointment of David Sacks as AI and crypto czar, DYDX saw a 35% price rally, with daily trading volumes surging by 168%, amid links to Sack's venture capital investment firm.

DYDX, the native token of decentralized trading platform dYdX, has become the top-performing altcoin in the last 24 hours. According to CoinGecko, DYDX rallied to this peak after the price increased by 30%.

Bitcoin (BTC) retreated sharply from its all-time high of $103,604, dipping to a low of $94,035 before recovering to climb back above $$97,000 and to its current level. The drop came a day after BTC crossed the historic $100,000 mark, with its market capitalization also shrinking to $1.95 trillion.

Polkadot's parabolic rally continues, as it remains among the top performers over the last 30 days. The bull run has reached prices last seen in March 2024 and hit new record highs over the network. As the price chart predicts a potential rally, bulls target these key levels.

Chainlink shows strong market fundamentals with new wallet creation hitting two-year highs and large transactions reaching $858 million in weekly volume, while average holding periods extend to 1.9 years amid sustained institutional interest.

DYDX, the native token of the decentralized trading platform dYdX, recorded an impressive rally on Nov. 6 following reports of it being backed by Trump's newly appointed White House cryptocurrency advisor.

USDN is the first digital dollar customized for the ecosystem.

Chainlink is gaining traction among large investors, with key metrics pointing to a potential rally.

Sei's growing user base and technical breakout show promising potential for sustained market growth.

The Sei (SEI) cryptocurrency has experienced a remarkable surge in price, rising nearly 100% over the last 30 days. With this impressive rally, many are now wondering if the token could be on track for even higher gains, potentially hitting $1 with a 45% price rally.

Bitcoin (BTC) has achieved its biggest milestone yet, surpassing the storied $100,000 mark, as bullish sentiment increased substantially over the past 24 hours. The cryptocurrency beat analyst predictions of an insurmountable sell wall at $100,000 to smash past the level and move to its current $102,964.

The three crypto firms are gearing up to tokenize Fortlake's Sigma Opportunities Fund.

In what has been one of the most bullish months of the year, asset manager and crypto exchange-traded fund (ETF) issuer VanEck released a report highlighting significant gains in the memecoin sector, alongside notable performances from major cryptocurrencies like Cardano (ADA), Solana (SOL), Polkadot (DOT), and Stellar (XLM). Solana's Ecosystem Thrives According to VanEck's analysis, Solana delivered a 42% return in November, with the SOL token hitting an all-time high of $262.

Mantle has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) into its ecosystem. This adoption allows developers to build advanced cross-chain applications, further aligning Mantle's vision to drive innovation and expand the multi-chain ecosystem.

An analyst known as a “Master Trader” on the crypto exchange Bybit thinks an altcoin running on the Ethereum (ETH) network is ready to take center stage.