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Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase

Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23. The latest dip, however, extended its weekly losses to almost 22%. This prompted many whales to accumulate the token. LINK Whales’ Conviction There has been a noticeable uptick in the holdings of wallets containing between 10 million and 100 million LINK coins, rising from approximately 475.79 million to 479.78 million within a short period. According to popular crypto analyst Ali Martinez, this translates to a purchase of over $44 million worth of LINK, which reflects bullish behavior among large holders during the price retracement. The accumulation trend suggests growing confidence in LINK’s long-term potential. Lookonchain’s recent tweet further validated the strong conviction among whales. The blockchain analytics platform identified nine fresh wallets withdrawing a total of 362,380 LINK tokens, which is worth around $8.19 million, from Binance within the last 48 hours. Before the recent market turmoil, the LINK token saw a significant price increase and a boost in market activity, attributed to World Liberty Financial (WLFI) – a project backed by Donald Trump’s family – strategically increasing its holdings. This wave of renewed interest has led to a sharp rise in market activity. As such, CoinCodex has predicted that Chainlink’s price will increase by more than 53%, potentially reaching $35.56 by January 22, 2025. The market sentiment remains Neutral, while the Fear & Greed Index stands at 70 (Greed). In the past 30 days, Chainlink had 16 green days out of 30, with a volatility of 17.48%. Chainlink Leads Real-World Assets (RWA) Sector Earlier this month, market intelligence platform Santiment reported that Chainlink is at the forefront of the real-world assets (RWA) sector in terms of development activity. Its analysis highlighted that the decentralized oracle network is leading the sector, followed by Synthetix (SNX), a synthetic asset platform based on Ethereum, and Dusk Foundation (DUSK), which focuses on privacy and tokenization. According to the data, Chainlink recorded nearly 394 significant GitHub events in the last 30 days, while Synthetix and Dusk Foundation had 176.6 and 34.7, respectively. Besides, Chainlink has partnered with leading companies such as Coinbase, SWIFT, UBS, and Emirates NBD for the RWA tokenization industry. The post Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase appeared first on CryptoPotato . CoinTurk News

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Charles Hoskinson Talked About Bitcoin (BTC), Cardano (ADA) and XRP!

Having made a major breakthrough in the recent rally, Cardano (ADA) continues to attract the market`s attention. At this point, while it is wondered whether ADA will continue its rally, popular analyst Ali Martinez said that there is $6 for Cardano. At this point, the analyst noted that ADA is similar to the cycle in 2020, saying that he believes ADA could surpass its $3.09 ATH in 2021 and reach a new high of $6. 2025 Will Be the Year of Cardano (ADA)! In addition, Cardano founder Charles Hoskinson claimed that Cardano has similarities with XRP and Bitcoin. Speaking during a live broadcast, Hoskinson stated that Bitcoin, Cardano and XRP have a bright future, saying that the networks are strong and have overcome many obstacles and difficulties. “XRP, Cardano and Bitcoin have a bright future.” Stating that Bitcoin, Cardano and XRP have overcome obstacles and difficulties, Hoskinson emphasized that untested projects often collapse when faced with obstacles, and said that the best examples of this are Terra (LUNA) and FTX. Charles Hoskinson also noted that Cardano could have more partnership opportunities than ever in 2025. Hoskinson particularly highlighted the network’s recent partnership with Bitcoin smart contract and interoperability solution provider BitcoinOS. Finally, Hoskinson emphasized that the network is determined to reveal itself in 2025 and added that Cardano will participate in leading crypto conferences such as Bitcoin 2025, Token 2049, Paris Blockchain Week and Consensus 2025. “Cardano will move forward loud and proud in 2025.” *This is not investment advice. Continue Reading: Charles Hoskinson Talked About Bitcoin (BTC), Cardano (ADA) and XRP! CoinTurk News