Chainlink Reserve Hits 1 Million, Expert Calls for 1000% LINK Price Rally

Ah, the Chainlink Reserve, that magnificent treasure trove built by the oracle services blockchain network, has surpassed the grand milestone of 1 million LINK! 🎉 This feat was achieved with a recent accumulation, and it only took four months! Who says success can’t be quick? The LINK price, still as tempting as ever, stays firmly in the eyes of investors. Some soothsayers are even predicting a 10x rally on the horizon. 😏

Chainlink Reserve Hits 1 Million Milestone

Just earlier today, the Chainlink reserve address graciously added 81,131 LINK, pushing the total holdings to a princely sum of 1,054,884.02 LINK. A truly remarkable feat, don’t you think? 🏆

Chainlink Reserve Activity | Source: Chainlink Reserve

Now, let’s talk numbers, shall we? According to the official data, the average LINK cost basis stands at $18.59, quite the lofty height compared to the current LINK trading price of a mere $14. But this, my dear friends, shows just how clever the Chainlink platform is-buying up more LINK at every dip, like a savvy shopper hunting for a bargain. 🛍️

Oh, and just in case you didn’t know, in August, Chainlink blessed us with the launch of its Chainlink Reserve facility-an on-chain reserve that builds up LINK using revenue from institutional and decentralized application fees. A true work of blockchain wizardry! ✨ It’s funded by Chainlink’s Payment Abstraction system, which collects fees in various assets and, like magic, converts them into LINK. 🔮

LINK Price Can Rally 1000%, Says Expert

Now, about that LINK price-let’s be real. It’s been all over the place lately. Remember when Grayscale’s Chainlink ETF debuted this week? Of course you do. And naturally, the LINK price bounced back 20% from its low of $12, only to face the cruel sting of rejection at $15. What’s next? A wild ride, perhaps? 🎢

But wait-one expert, the ever-optimistic Crypto Patel, still believes in the magic. In fact, he’s confident LINK could surge by 1000%. That’s right-1000%! From where it is now? Oh, absolutely. Patel sees Chainlink potentially soaring to $150 in the next bull cycle. A lofty prediction, but who are we to question such bold claims? 🤔

LINK price potential upside | Source: Crypto Patel

And for those of you keen on technicalities, Patel has outlined a key accumulation zone between $14 and $10, with $9.80 being the critical support. Should the market take a turn for the better, the upside could reach $30, then $50+, and-wait for it-a potential leap toward $150. Now that would be a sight to behold! 😱

To add a little extra excitement, earlier in December, Grayscale made history by converting its Chainlink Trust (GLNK) into an ETF. This made it one of the first of its kind in the market. The fund had a strong start, pulling in nearly $42 million in inflows on its very first day. And other asset managers, like Bitwise, are also jumping into the LINK ETF party. It’s like the Wild West out here, and everyone’s trying to get their hands on a piece of LINK. 🤠

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2025-12-05 23:27