Chainlink Price Prediction – Should You Invest In $LINK Or Are New Upcoming Altcoins a Better Option?

Bitcoin’s value has been on a significant upward trend since Donald Trump’s win in the presidential election. 

BTC is currently valued at an impressive $88,913 (per CoinGecko), and it’s showing signs that it could keep climbing. 

This price rally has created a ripple effect, pulling up the market with it and renewing investor interest in altcoins as well. 

One example is Chainlink ($LINK), which has gained momentum alongside Bitcoin’s rise. 

For those who want to be involved in new projects early on, project’s that are still in presale stage could be an interesting option

PlutoChain ($PLUTO) is a notable mention, it’s just starting presale and could catch some traction once the project launches its mainnet.

Chainlink Price Prediction – How High Will It Go?

Chainlink ($LINK) is one of the most closely watched assets in the DeFi world, and it seems poised for some significant movement as the market gears up for a bullish recovery. 

Chainlink is getting a lot of attention from traders, who are wondering just how high LINK might go in the near future. At the time of writing, LINK is trading around $13.31 after a slight pullback of about 5.3% . 

This dip ended a month-long stretch of steady gains, during which LINK rose by 20%. Despite this pullback, LINK remains on track, with a key support level providing stability. 

If LINK holds this support and begins to rally again, analysts suggest it could soon push past the $16.75 mark, potentially even reaching $21.69 by the end of this month.

With a market cap currently around $6.47 billion, LINK faces some challenges in sustaining rapid gains, but there’s also a lot of potential for a breakout. Its current value is about 80% below its all-time high of $54.40, leaving a lot of room for growth.

Realistically, LINK still can’t provide substantial profits, so a better plan might be to focus on trending presales such as PlutoChain ($PLUTO). Let’s check out why.

PlutoChain ($PLUTO) – A New BTC-Layer 2 Project 

PlutoChain ($PLUTO) is stepping into the crypto scene with a fresh take on merging Bitcoin’s strength with the world of decentralized finance (DeFi). 

While Bitcoin stayed outside the DeFi movement, PlutoChain wants to change that by creating a Layer-2 solution that brings DeFi functionalities directly onto Bitcoin’s network without compromising its security.

PlutoChain is about uniting Bitcoin’s security with DeFi’s flexibility. The native token, $PLUTO, is currently in its presale phase, which gives early investors a chance to get in at a price of $0.102, which could be appealing for those looking to support the project before it launches its mainnet.

An essential feature of PlutoChain is its compatibility with EVM. This means that developers with DeFi applications built on Ethereum can easily transfer these apps to Bitcoin’s network via PlutoChain. 

The $PLUTO token’s presale is set to increase in price as the stages progress, so early investors may have a limited window to join at a lower cost. Click here for more details on their approach.

PlutoChain Focuses On Security, Audited By SolidProof

PlutoChain has made it clear that security is at the top of their list. In the world of crypto, where security issues and scams pop up frequently, this approach is refreshing. 

PlutoChain has partnered with SolidProof to conduct thorough audits aimed at keeping everything secure for investors. 

By undergoing these detailed security checks, PlutoChain wants to make sure that assets stay safe and untouched in their users’ wallets.

SolidProof has examined PlutoChain’s code to identify potential vulnerabilities that could pose risks. These audits aren’t a one-and-done deal, either. PlutoChain has regular checkups scheduled to catch any issues before they become a problem.

Given the concerns that many have about security in crypto, PlutoChain’s approach does offer a level of reassurance. 

If you wish to keep up with their updates, you can do it via X, Discord, or Telegram.

Conclusion 

Chainlink ($LINK) has recently shown a spark of growth, with a 20% rise in the past week that has brought renewed interest. 

However, when thinking about long-term gains, $LINK might not yet have the strength to guarantee reliable profits. Some investors are turning their attention to new meme coin presales, which often create buzz and have shown profit potential in the early stages.

The best example is PlutoChain ($PLUTO). This project stands out because of its Layer-2 technology, strong security measures, and fresh, innovative approach. 

With these elements in place, PlutoChain could see promising growth after it’s launched, especially if the initial excitement keeps building.