Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward trajectory. After struggling to gain bullish momentum, the price remains in consolidation, with sellers keeping a tight grip on the market.
The US-based crypto advocacy group Blockchain Association achieves a milestone by adding 16 prominent web3 projects, bringing total membership close to 100.
Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
A widely followed crypto analyst says that decentralized oracle network Chainlink (LINK) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,400 followers on the social media platform X that LINK may increase by more than 194% its current value by early next year.
Chainlink (LINK) has been showing promising signs of resilience, especially in comparison to many of its high-cap counterparts. The digital asset recently dipped to $17.30 but has avoided a deeper correction, positioning it well for a possible rebound.
The altcoin recovery in the broader digital currency ecosystem is underway, and Chainlink (LINK) is riding the train high. Over the past 24 hours, Chainlink has flipped Stellar (XLM) in market cap rankings to reenter the top 10 list of the most capitalized coins.
Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels.
Unlike its rivals, LINK has avoided deeper correction, giving it an added advantage.
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
Despite a decline, LINK whales have continued their accumulation spree.
Chainlink price is on the verge of a major bullish reversal after its Market Value to Realized Value (MVRV) ratio flipped negative. Historical trends indicate that this decline precedes a run-up that could lead to a 312% rally.
Decentralized oracle network Chainlink has dropped nearly 40% over the past month, leaving investors wondering if a rebound might be on the horizon.
On-chain data shows that Chainlink whales have accumulated more than $20 million worth of $LINK in the past 24 hours, thus currently holding 191M tokens.
Chainlink (LINK) started the week on a bullish note as DeFi tokens stole the show amidst LIBRA-driven pessimism in the meme token sector. The altcoin hovers at $18 after significant volatility in the past 24 hours. Notably, LINK failed to overcome the key resistance at $20 again.
Grayscale, a major player in the asset management space, has launched a new fund aimed at providing exposure to an emerging altcoin.
Pyth Network: the new blockchain ecosystem.
Chainlink (LINK) has been facing a tough market environment recently, with the token experiencing a significant drop in price. Despite this, investor interest, particularly from whales, continues to persist.
Grayscale Investments has introduced the Grayscale Pyth Trust, a new investment vehicle offering accredited investors exposure to PYTH, the governance token of the Pyth oracle network. Pyth delivers real-time price feeds essential for decentralized applications (dApps), particularly within the Solana ecosystem, where it powers 95% of protocols.
Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.
Chainlink's short-term outlook remains cautious due to bearish momentum, but long-term prospects remain strong.
The fund claims to offer “higher-beta” exposure to the growth of the Solana ecosystem as Grayscale continues to expand its suite of single-asset crypto funds.
Grayscale is adding to its offerings, debuting a Pyth Trust as demand for crypto-focused investment products surges.
Chainlink (LINK) has become one of the standout players in the cryptocurrency market, attracting the attention of investors and developers worldwide. Known for its unique functionality as a decentralized oracle network, Chainlink plays an essential role in connecting smart contracts with real-world data.
Despite a notable price drop in recent days, LINK, the native token of Chainlink, remains in the sights of investors and whales. Today, February 18, 2025, a prominent crypto expert posted on X (formerly Twitter) that, amid the recent decline, crypto whales have purchased over 1.10 million LINK tokens in the past 24 hours.
Grayscale's Pyth Trust launch could accelerate institutional crypto adoption, offering a regulated pathway to emerging digital asset investments. The post Grayscale launches Pyth Trust for US accredited investors appeared first on Crypto Briefing.
The crypto market is showing mixed signals, causing some altcoins to climb while others experience declines. However, certain altcoins are catching investors' attention due to recent developments surrounding the tokens.
Crypto-focused asset manager Grayscale has announced the creation and launch of the Grayscale Pyth Trust. Pyth Trust is a single-asset crypto investment fund designed to offer exposure to Pyth Network (PYTH), the native governance token of the oracle network's ecosystem.
Bitcoin (BTC) registered a drop late on Monday, falling from $97,000 to $95,243 before rebounding and settling just above $96,000. The flagship cryptocurrency registered another slump during the current session, falling to a low of $95,189 before recovering and moving to its current level.
The Grayscale Pyth Trust offers accredited investors exposure to PYTH, the governance token behind Solana's leading oracle network.
Crypto asset management firm Grayscale Investments has announced the launch of a new investible asset on Tuesday. The new Grayscale Pyth Trust will offer accredited investors exposure to PYTH, the governance token of the Pyth network.
Chainlink's price has entered a multi-week correction after reaching $30 in December, falling 29% since Trump's inauguration despite expectations of crypto-friendly policies, with analysts predicting further volatility ahead.
Chainlink (LINK) has recently experienced a significant drop in volatility, now sitting at 80.47%, a decrease that has drives interest in the cryptocurrency community. Historically, volatility often plays a key role in predicting future price movements in the crypto market, and the sharp decline in LINK's price fluctuations could be the calm before the storm.
The cryptocurrency market remains volatile as the Ethereum price hovers around $2,700, facing resistance in its upward movement. The broader market has struggled to regain strength, with most altcoins trading sideways.
LINK, Chainlink's native token, is gaining traders' attention despite ongoing market uncertainty. This is due to the continuous accumulation by whales in recent days and the bullish price action forming on LINK's chart.
Bitcoin bulls appear reluctant to buy dips after BTC's repeat failures to secure a close above $98,500.
Chainlink price rose on Monday, trading at $19.49 at the time of writing with daily gains of 4.4%. The crypto coin has recently been on a strong upward momentum, and has risen by more than 6% in the last week.
As the 2025 crypto bull run approaches, analysts are closely watching Chainlink (LINK) and Coldware (COLD), two projects that could see exponential gains. While Chainlink (LINK) is predicted to reach $120, Coldware (COLD) is gaining traction among institutional investors, with some experts forecasting a massive jump to $6 in 2025.
Smart DEX traders are reaccumulating, pointing to a bullish trend for LINK's price.
Coldware (COLD) is rapidly emerging as a high-growth blockchain alternative as ChainLink (LINK) continues to struggle with market volatility. While ChainLink (LINK) has long been a key player in decentralized finance (DeFi) through its oracle solutions, recent price instability has led whales to diversify their holdings by adding Coldware (COLD) to their portfolios.
An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes two top memecoins are setting the stage for breakout rallies. Pseudonymous analyst Bluntz tells his 316,100 followers on the social media platform X that memecoin Floki (FLOKI) appears to be flashing bullish reversal signals on the daily and four-hour charts.
Robinhood's expansion into Solana-based tokens could boost retail investor engagement and support the growth of decentralized finance ecosystems. The post Robinhood expands crypto offerings with Pyth Network token PYTH appeared first on Crypto Briefing.
New data from the crypto analytics platform Santiment shows that the decentralized oracle network Chainlink (LINK) once again outpaces all other Ethereum (ETH)-based coins in terms of recent development activity. According to Santiment, Chainlink saw 691.07 notable GitHub events in the past 30 days, making it the leading ERC-based project by development activity.
Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.
The widely followed trader and analyst Michaël van de Poppe is highlighting one crypto project in the Ethereum (ETH) ecosystem whose token he believes could go up by triple-digit percentage points.
Chainlink (LINK) has faced significant challenges in February, with the cryptocurrency experiencing a sharp 25% decline this month. Following a failed breakout attempt at the $26 resistance level in late January, the altcoin is now at a crucial juncture where its price recovery is dependent on overcoming a pivotal resistance zone.
Chainlink (LINK) has struggled to maintain momentum after a failed attempt to breach the $26 resistance level towards the end of January. This setback triggered a decline, causing LINK to fall below the $20 mark.
As of Tuesday morning last week, Bitcoin has popped about 45% since the election, while altcoins like Hedera are up more than 400% over that same time frame.
Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.