Chainlink (LINK) Price Prediction: Eyeing $20 as a Possibility?
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Chainlink (LINK) enthusiasts are excited as the cryptocurrency charts a potentially bullish trajectory, rising 36% in the past month alone. Because of this, a prominent market analyst has made a $20 LINK price prediction. However, is this level achievable?
Today, we will review this prediction whilst also focusing on one project that may provide more substantial gains.
Chainlink (LINK): A $20 Prediction
Analyst Ali Martinez recently pointed to the surging interest in Chainlink (LINK) within the crypto community. In a post on X, Martinez’s insights ignited anticipations and speculations regarding a potential Chainlink price rally, with projections pointing towards a surge reaching the coveted $20 threshold.
This heightened attention comes amid significant developments within the Chainlink ecosystem, including the introduction of Chainlink Staking v0.2. However, these bullish forecasts appear somewhat unbelievable when looking at the numbers closely and considering the current market dynamics.
A Deep Dive Into The Chainlink (LINK) Numbers
Currently, the Chainlink price sits at $14.79 with a market cap of $8B. This value means Chainlink would need to surge 35% to $20. Considering that Chainlink has not hit this level since January 2022, it may become a challenge.
Moreover, the coin’s $8B market cap must elevate to $11B to match this Chainlink price prediction. Though Martinez’s forecast instilled optimism, the journey to $20 presents obstacles that could prevent it. As a result, many traders are now venturing towards different tokens that may have higher room for growth.
A More Plausible Way for Higher Growth
Although Chainlink is a well-established cryptocurrency, its high market cap is the main problem with this price prediction. In other words, it would require $3B to flow into it quickly. Even if Chainlink gains more adoption, this growth may prove hard. Because of this, tokens with smaller market caps are more desirable.
One such token is Pullix ($PLX) – the world’s first community-backed exchange. This platform will differentiate itself from its peers by enabling the trade of all assets (including crypto) with no KYC checks. It is focused on establishing an ecosystem that opens doors to passive income opportunities. Token holders are set to benefit immensely, receiving a percentage of each platform transaction, doubling their profits. Additionally, Pullix offers multi-currency staking, allowing users to stake other tokens like Ethereum within their market-making liquidity pool.
These features have sparked a surge of interest in the ongoing $PLX presale, where each token costs just $0.04. Moreover, one of Pullix’s critical advantages over Litecoin is its lower market cap of $8M. This difference implies that $PLX holds the potential for quicker growth as it requires fewer new funds.
Pullix also has many strategic ties to thriving markets like the forex OTC market. Baby Pips recognized it as the largest in the world. Because of this, experts in the field project a 2,000% growth before the presale concludes for the $PLX token.
For more information regarding Pullix’s presale see links below:
