- Chainlink price rose for the fifth straight day.
- Focus shifts to the upcoming SmartCon Conference.
Chainlink price has risen in the past five straight days as investors refocus on the upcoming SmartCon Conference. LINK rose to a high of $8.3, which was the highest level since August 18. It has jumped by almost 55% above the lowest level this year.
SmartCon Conference ahead
This will be an important week for Chainlink as the company hosts its annual event in New York City. The conference will be a gathering of some of the best people in the technology and blockchain industry. It will also give participants an opportunity to learn from some of the best developers inside Chainlink’s ecosystem.
SmartCon will be headlined by Eric Schmidt, the former CEO and Chairman of Google. With a personal net worth of over $17 billion, Eric is known for transforming Google into the tech giant it is today. He is also a board member of Chainlink Labs, where he guides the network with strategy.
Another notable speaker in the event will be Sam Bankman-Fried, the founder and CEO of FTX. He is one of the richest people in the blockchain space and is often compared to John Piper Morgan. This will be his first event to attend after his company won a bid to acquire Voyager Digital.
Ariana Huffington, the founder of Huffpost will also be a speaker. Other notable ones are Stani Kulechov of Aave, Anatoly Yakovenko of Solana, Cory Pugh of BridgeTower Capital, and Justin Sun of Tron.
Chainlink price is also rising as the DeFi industry makes a comeback. Most players in the DeFi industry like Maker, PancakeSwap, and Uniswap have all rallied in the past few days. This is notable since Chainlink’s primary use is in helping DeFi platforms list off-chain data.
Chainlink price prediction
The daily chart shows that the LINK price has been in a strong bullish trend in the past few days. In this time, it has managed to move slightly above the 25-day and 50-day moving averages. It has also moved slightly above the important resistance level at $8.23, which was the highest level last week.
The coin is also slightly below the important resistance level at $9.65, which was the highest level on August 12. At the same time, the MACD has moved above above the neutral level. Therefore, there is a likelihood that the coin will likely keep rising as bulls target the key resistance at $10.
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