For a long time, the majority of the cryptocurrencies whether major or minor are experiencing a downtrend. The majority of the digital assets are witnessing reds.
Chainlink (LINK) is Recording Gains
However, things are looking promising for Chainlink as its value seems to be moving in a positive direction. Despite the crypto market downtrend, Chainlink is witnessing slight gains.
At the time of writing, the trading price of LINK stands at $7.11 per LINK. As per one of the analysts from the crypto industry, this is the perfect time to invest in LINK.
The analyst went on to claim that the current price of LINK is the opportunity of a lifetime every crypto investor needs to avail of. Investors need to invest in LINK just when its price is hovering in its current zone.
This is an optimistic approach from an expert analyst who has made a positive claim about the future of one of the most attractive decentralized finance (DeFi) tokens.
Michael van de Poppe’s Bullish Prediction
While the majority of cryptocurrency analysts are making negative predictions, Michael van de Poppe has a different take on the value of LINK. He has made a positive prediction surrounding the value of LINK, which is a decentralized oracle network.
Van de Poppe stated that it is a perfect opportunity for investors to invest in LINK as its trading price is currently oscillating between $6 and $8.
As the price of LINK is hovering between particular ranges, it is the perfect opportunity for investors to gain from it. Investors can invest as many funds as possible to accumulate as many LINK tokens as possible.
Chainlink was Bullish in early 2022
As the year 2022 began, it saw that the trading value of Chainlink was hovering in a bullish zone. In early January, the trading value of Chainlink was at a high of $28.1 per LINK.
However, the bears were able to demonstrate stronger selling power. They continued exerting higher selling pressure and were able to pull LINK’s price on a larger scale.
The trading price of LINK lost 74.8% of its value due to the strong selling spree of the bears. Due to the strong selling, CHainlink has come down to its current low level.
Van de Poppe considers LINK’s current $7.11 trading price to be the perfect opportunity to invest. In the past 24 hours, LINK’s price has surged 2.10% while its past 7-day performance is still 6.19% negative.
The reason why Van de Poppe has supported LINK is that the addresses of the LINK whales have started to increase in the past four months.
This means that the whales have started acquiring LINK on a higher level. Soon, a strong rally may trigger and help push the trading price of LINK to a higher level.
