Chainlink Eyes New Breakout, LINK Community Growth Skyrockets

The aggregated cryptocurrency market has seen a major upswing today, and the price of LINK is once again viral in the latest cryptocurrencies news. As Chainlink eyes new breakout, we can see that the cryptocurrency is safely moving above $3.69 with a 3.16% upswing on the day and a potential preparation for more gains.

Today’s bullish LINK performance comes as the crypto attempts what many are describing as another breakout rally which could allow it to start its journey back up to its early 2020 highs. the momentum may be driven in part by the incredible community strength which has been established around Chainlink, leading one billionaire and Bitcoin advocate to praise the altcoin and its growing community.

At the time of writing, LINK is at $3.69 and is trading up by 3% from the price of yesterday. The upswing today has marked an extension of the momentum first incurred on April 16th, when the cryptocurrency surged from lows of $3.

An analyst named Big Cheds on Twitter stated that the LINK rally today marks the crypto “taking a shot at breaking out” while referencing an interesting chart.

$LINK Daily chart- Taking another shot a breaking out pic.twitter.com/8IPCmyTnr9

— Cheds (@BigCheds) April 18, 2020

Chainlink eyes new breakout now, going in tandem with Bitcoin (BTC) which managed to rise from a weekly low of $6,600 to a new high of $7,200, outperforming a lot of coins and ending the week well (if the price momentum remains).

However, LINK outperformed Bitcoin (BTC) and as the Chainlink news show, the only peer that actually rivaled the token in the mid-term is Tezos (XTZ) which is currently trading up by nearly 10% against USD and 7% against its Bitcoin trading pair.

If you are wondering whether Chainlink eyes new breakout as the community strengthens, you should know that the co-founder and CEO of Gemini (and a prominent Bitcoin advocate) Tyler Winklevoss, recently tweeted that he “appreciates the passion” that LINK and its community have, noting that they are dedicated to a project with “real promise.”

I really appreciate the passion of the $LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.

— Tyler Winklevoss (@tylerwinklevoss) April 15, 2020

Hopefully, this passion will see LINK going to $4 and then $5 as the big-time resistance levels watched out by a lot of traders now. The data now shows a steady climb in the number of Chainlink mentions and the entire popularity of the LINK token online – on platforms such as Twitter, Telegram and GitHub.