Chainlink (LINK) shows signs of growth, supported by analysis of a long-term triangular formation and the Bitwise ETF application.
Analyst Predictions for Chainlink
According to analyst Crypto ELITES, Chainlink's price could reach $100 based on a multi-year ascending triangle pattern on the daily chart. Currently, LINK trades in the $23 to $25 range, which has historically been a critical resistance level.
Details on Bitwise ETF
Bitwise has filed an S-1 registration with the SEC for a Chainlink ETF that will provide investors with direct exposure to LINK tokens. The application designates Coinbase as the custodian for the tokens.
Future of Chainlink and Altcoin Market
Predictions suggest Chainlink may rally to a range between $115 and $185 in the coming years. This potential growth aligns with increased investor interest in altcoins and a continuation of the 'altcoin season', often following strong performances by Bitcoin and Ethereum.
The potential rise of Chainlink to $100 and Bitwise's efforts to register an ETF highlight the growing interest in altcoins and possible market changes going forward.
