The Chainlink [LINK] market was making quite some noise. The asset was recovering similarly to its counterparts. At press time, LINK was trading at $12.84 following a 2% rise over the last 24 hours. The altcoin was 75% below its all-time high of $52.88. This peak was achieved back in May about three years ago. While the current sentiment is bullish, the community hopes for a positive week ahead.
Changelly revealed that the asset is in for a surge this week. LINK is expected to have an upward trend during the next few days. Later this week, the cryptocurrency will increase by 14.12% and reach the $14.39 range. But there would be a few things the asset would need to think about. This covers developments in the network, regulatory changes, and market sentiment.
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Chainlink Whales Pocket More Than 6.2 Million LINK
Chainlink whales have swept the cryptocurrency market after amassing enormous quantities of LINK during the asset’s weekly fall. Earlier today, it was noted in a post by well-known cryptocurrency market researcher Ali Martinez that whales had pocketed an incredible 6.2 million LINK in the previous week.
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Data highlighted by Ali Martinez indicates that in the last seven days, Chainlink whales have been purchasing about 6.2 million LINK, or $76.88 million. The accumulation appears to have been fueled by whales in the cryptocurrency market. They seemed to be adopting a possible buy-the-dip strategy as a result of the declining price movement. Regular market sentiments indicate hope for the cryptocurrency and suggest that major investors believe it will continue to rise. While the asset is currently trading at a notable low at the moment, things could be changing for the altcoin.
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