[ccpw id="39382"]

HomePress ReleaseChainlink Surges 95% In The Past Month; New Meme Trading Game Sparks Investor Interest

Chainlink Surges 95% In The Past Month; New Meme Trading Game Sparks Investor Interest

Date:

Written By:

Follow TheCryptoBasic

Crypto analysts have confirmed the beginning of a new bull market. Chainlink is off to a hot start, increasing by 95% on the monthly chart. Another crypto that has caught on to the bullish trend is the new meme trading game. With growing investor interest, how high will these altcoins go?

Chainlink Has Surged 95% in the Past Month, What’s the Next Price Target?

The native cryptocurrency of the well-known decentralized oracle network Chainlink, LINK, has increased by over 95% in the last month. The price of Chainlink established an ascending triangle pattern on the hourly chart, which signaled the start of the rally in October.

The price of LINK increased as a result, rising from $7. 3 to a 2023 high of $16.42 in November. However, the price of Chainlink has dropped to the $14.50 level. Top crypto analyst, Ali Martinez, has predicted that the correction may get steeper in the short term.

- Advertisement -

The TD Sequential indicator shared by Martinez presented a sell signal on the daily, three-day, and weekly Chainlink price charts. His short-term Chainlink crypto price prediction hinted at a potential drop to the $12.5 level. Despite this, the Chainlink coin, LINK, still remains in the bull territory as its price is above the ascending triangle recently formed.

After the correction, the price of LINK has been forecasted to resume its rally. This bullish sentiment has been confirmed by many LINK proponents. This is because the Chainlink network Staking v0.2 upgrade will usher the ecosystem into a banking-like service. With LINK at the center of this growth, its price has been projected to reach highs of $20 in the upcoming bull market.

Meme Moguls (MGLS) Launches Meme Asset Trading Option

Amidst the recent news about the bull market and rise in Chainlink price, there is a new giant in the meme coin sector that has caught the attention of the crypto space. Meme Moguls (MGLS) stands out in the crowded world of meme coins introducing the world’s first marketplace for the sector.

In the Moguls Exchange Trading Platform, users will trade meme coins and other meme-based assets from other markets. The exchange will also feature a Meme Moguls Fantasy Trader section, where traders will compete for rewards with fellow users. In addition, Meme Moguls is community-driven. The platform is dedicated to giving back to its community. Players can earn special NFTs and MGLS tokens as they play games and reach new milestones.

- Advertisement -

Currently, its MGLS token is for sale at just $0.0019 during the Beta stage of the presale. With ties to the booming meme industry, valued at $2.3 billion in 2020 according to Statista, analysts are optimistic about Meme Moguls. They have forecasted a 1,000% price surge as the crypto bull market enters maturity. In addition, joining the presale gives you a chance to earn up to $10,000 in giveaways at the end of the presale stage.

Visit Meme Moguls Token Presale

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

PR DESK
PR DESK
PR Desk is a guest author on TheCryptoBasic and only delivers sponsored content. Hence, views and opinions published under PR Desk are exclusively theirs and should not be taken as investment advice. If you want to publish your PR, please contact hashim@thecryptobasic.com or support@thecryptobasic.com

More from Author

Latest Stories

Guides