Cryptocurrency experts name the token whose sales volume increased by 780% per day

The Chainlink cryptocurrency (LINK) has experienced a significant jump in value — the virtual coin has grown by 17% over the past day. Crypto experts have noted that the unexpected surge has put LINK at the forefront of the current bullish rally among altcoins. It is noteworthy that during this period, the token has successfully overcome the $ 8 resistance barrier, which indicates a potential change in market dynamics. The trading volume of the virtual coin has soared by 780% over the past 24 hours.

It is interesting to note that the cryptocurrency community from CoinMarketCap predicted the LINK rate with 95% accuracy on July 21, which has not happened in more than six months.

At the time of writing, the crypto asset is available for purchase at $ 8.19, which is an increase of almost 20% per day. Chainlink’s market capitalization is $ 8.1 billion, and daily trading volume is $ 1.2 billion. The current price rally has pushed LINK to a significant breakthrough aimed at a new level of $ 10 and entry into the top 20 best digital assets.

Renowned crypto trading expert Michael van de Poppe emphasized that LINK has entered a bull market phase. The upward trend could potentially pave the way for «further growth of LINK, and possibly to the impressive price range of $ 16.»

The expert believes that in the short term, LINK can significantly strengthen its position — it all depends on whether bitcoin can consolidate and whether its value does not fall sharply over the next few weeks.