Chainlink (LINK) has recently experienced a drop in price, falling to around $15. However, analysts are optimistic about its future potential for a significant rally. Multiple analysts have included LINK in their list of top-performing cryptocurrencies during this bull run. According to these experts, LINK has the potential to experience 10x-20x price increases, similar to other altcoins like AVAX, INJ, SEI, ICP, HONEY, and KAS.
The recent trend of LINK’s exchange netflow turning negative suggests reduced selling pressure. This is seen as bullish as it indicates that more holders are choosing self-custody methods instead of trading on centralized exchanges.
In summary, while LINK has experienced a recent decline, analysts predict that it may soon rally and experience significant growth in value during the current bull cycle.