Cryptocurrency analyst Ali Martinez details plans for next year as powerful investors flock Chainlink drew attention to his movements.
Referring to the charts shared by Santiment, Ali Martinez thinks that purchases by whales may prepare the LINK price for a jump. According to the analyst, whale addresses holding between 100,000 and 1 million tokens purchased 7 million LINK worth more than 105 million dollars in just one week.
The analyst also announced that his short-term target for the Chainlink price is $20. The 15th-ranked crypto asset by market cap was trading at $15.87 at the time of writing.
As we reported as Koinfinans.com, LINK is preparing to leave a good year behind, with an increase of more than 194% since the beginning of the year. While the project and the token have witnessed many important developments this year, they have shown a very good growth momentum.
In July, Chainlink launched the Cross-Chain Interoperability Protocol (CCIP), which aims to provide an easy way to build cross-chain applications and services and provide simplified token transfers.