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Trader Michael van de Poppe is confident that DeFi sectors and oracle networks will be actively developed in 2022
The Chainlink token can rise in price by 350%, trader Michael van de Poppe is sure. He explained that for this, the cryptocurrency needs to gain a foothold above the $ 19.5 mark, and then overcome the $ 33 zone. Then the next targets for LINK will be $ 77 and $ 120, Poppe said.
At the moment, Chainlink is trading at the level of $ 24.3, over the past day it has fallen in price by 5%. At the same time, over the past week, the price of altcoin has risen by 23%, according to CoinGecko.
“If the DeFi sector is going to wake up, Chainlink is likely to get its way,” the trader noted. He added that oracle networks may start to be in demand this year.
On January 4, the three largest token holders on the Ethereum network conducted 11 transactions to buy Chainlink tokens. In total, the “whales” bought an altcoin worth $ 14.7 million in 24 hours. At the end of November, Chainlink became the most popular cryptocurrency among the largest Ethereum holders. The daily altcoin trading volumes among the thousand of the largest Ethereum holders exceeded $ 2 million. According to this indicator, the token surpassed other popular cryptocurrencies such as Shiba Inu.
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