Blockchain

One analyst is confident that Bitcoin (BTC) will be more resilient than ever in future crashes. Taking to X, the analyst said that the world’s most valuable coin will not fall below $100,000 in the next crypto winter.

Bitcoin Will Be More Resilient In The Future

This optimistic outlook hinges on a key factor: the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). This product, the analyst said, represents a significant shift, introducing a “permanent institutional bid” for Bitcoin.

With Wall Street now open to diversifying into Bitcoin, aiming to ride the trend, the stream of institutional demand would make the coin more robust even if prices overheat in the future.

The analyst argues that this “permanent” demand is a powerful buffer against price drops. While future bear markets are inevitable, the presence of institutional buyers will reduce the severity and duration of these downturns.

Accordingly, the analyst expects future corrections to be relatively shallow and recoveries stronger and quicker. BTC’s losses were more profound in the past, and recoveries were weaker due to low liquidity.

This prediction is when Bitcoin is trending higher, looking at the performance in the daily chart. So far, the coin is at around January 2024 highs and will likely extend gains. Looking at the candlestick arrangement, the immediate psychological resistance is $50,000.

If bulls anchor on the recent leg up, BTC prices may breach this reaction point, initiating a run that may see BTC float to November 2021 highs 2021.

Will BTC Breach $70,000 In 2024?

Though the analyst is bullish, it is not immediately clear if Bitcoin would even have the momentum to breach $70,000 and rally to new territory above $100,000. Even so, more analysts and investors, including Arthur Hayes, the co-founder of BitMEX, remain bullish.

Related Reading: Crypto Drama Unfolds: Ethereum Co-Founder’s 22,000 ETH Transfer Sparks Price Speculation

According to Hayes, monetary policy decisions made by the United States Federal Reserve (Fed) will shape and determine the market liquidity level and, thus, the speed of the BTC uptrend. The Fed is expected to slash its interest rate from the current 5.50% level to a new level in March. 

If the central bank continues to tighten, defying economists’ forecasts and mopping up liquidity from the market, Bitcoin might suffer as it did in 2022. However, with Wall Street involved and more capital flowing to Bitcoin, future corrections, even if prices are still below all-time highs, might not be as brutal as before.

Surprisingly, the newly introduced Ethereum (ETH) token standard, ERC-404, made an impressive debut in the crypto market, outperforming many other digital assets. 

However, as Bitcoin (BTC), the dominant cryptocurrency, began to rally, investors swiftly shifted their focus to the king of crypto. Consequently, this shift led to notable price drops and market capitalization declines across the ERC-404 ecosystem and its associated tokens.

From Skyrocketing Surges To Sharp Corrections

According to data from CoinGecko, the ERC-404 sector has experienced a significant decline, with an overall market capitalization drop of 29% in the past 24 hours. 

Key tokens within this sector, including PANDORA, DeFrogs, RUG, Froggy Friends, and Crystal, have all witnessed substantial price decreases. PANDORA, which had garnered attention and speculation, surged by a staggering 12,000% within a week. 

Opening at $250 on February 3, 2024, its value skyrocketed to over $34,000 per token by February 9, 2024. However, it dropped by 38% from its all-time high (ATH) in just 24 hours.

On the other hand, Crystal suffered the most significant losses, with its price plummeting by 28.4% and trading volume declining by over 35%. These figures indicate a stark decline in market activity for the token. Currently, Crystal is down more than 51% from its ATH of $792.74, exemplifying the inherent volatility of the ERC-404 sector.

Following closely behind, Froggy Friends experienced a 16% drop in trading volume and an 81% decrease in price from its peak of $823. CoinGecko data reveals that Froggy Friends currently trades at $150 per token.

But what are the ERC-404 token standards? And what is causing the price and market capitalization to drop?

Navigating The ERC-404 Ecosystem

Ethereum, known for its smart contract platform, has been a breeding ground for various token standards. While ERC-20 and ERC-721 gained widespread adoption for fungible and non-fungible tokens (NFTs), a new contender emerged: ERC-404. 

Named after the popular website error code “404,” ERC-404 introduces the concept of “semi-fungibility” to Ethereum. It combines the divisibility of ERC-20 tokens with the uniqueness of ERC-721 tokens, bridging the gap between these two types.

ERC-404 tokens are associated with specific NFTs, allowing fractional transfers of linked NFTs. Full ownership results in minting the linked NFT to the holder’s wallet, while fractional transfers trigger the burning of the associated NFT. New NFTs are automatically minted when sufficient fractions are accumulated to form a complete token.

DN-404 Prepares To Challenge ERC-404’s Dominance? 

According to a recent report by The Block, transaction fees increased as ERC-404 tokens gained traction, prompting developers to work on an alternative implementation called Divisible NFT (DN-404). 

This new standard aims to optimize code and reduce transaction fees, addressing the rising costs associated with ERC-404 tokens. The DN-404 implementation is set to be released soon, potentially alleviating network congestion caused by the influx of ERC-404 tokens.

While there were initial discussions between the Pandora team, the creators of ERC-404, and the developers working on DN-404, the two groups did not reach an agreement and are not collaborating, according to the report. 

This introduces uncertainty for traders and investors who navigate between supporting the original ERC-404 or the upcoming DN-404 implementation.

Overall, the introduction of ERC-404 brought excitement and volatility to the crypto market. While semi-fungibility and fractional transfers of linked NFTs hold promise, challenges such as rising transaction fees and the emergence of DN-404 have impacted the ERC-404 ecosystem. 

Traders and investors now face the dilemma of choosing between the original implementation and the upcoming alternative. As the market evolves, it will be interesting to see how the ERC-404 sector adapts and whether it can regain stability and investor confidence.

Featured image from Shutterstock, chart from TradingView.com 

South Korea’s local media, Newsis, recently reported the case of certain crypto traders who had sent about $3 billion overseas in a bid to profit from the ‘Kimichi Premium.’ Interestingly, the court found 14 out of 16 of these traders not guilty despite their alleged actions. 

How This Group Of Crypto Traders Operated

These crypto traders are said to have sent these sums of money through local banks under the guise of these transactions being foreign exchange remittances. However, this was allegedly not the case, as they would then use the funds to purchase virtual currencies abroad and send those crypto assets back to domestic exchanges, where they eventually offload them. 

This was done to allegedly profit from the ‘Kimichi Premium.’ This phenomenon occurs when crypto assets are more expensive in South Korea than overseas due to the country’s particular regulations.

This has created an arbitrage opportunity that crypto traders have sought to exploit. Meanwhile, the Korean government has tried to prevent traders from doing so. 

That is why the prosecution charged 16 people, including someone referred to as Mr. A in the news report, with violating the Specific Financial Information Act. Mr. A and others were accused of illegally transferring foreign currency worth 4.3 trillion won ($3 billion) overseas between April 2021 and August 2022 to exploit the Kimichi premium allegedly. 

The prosecution believes these crypto traders made a market profit of as much as 210 billion won ($158 million). In their defense, the defendants argued against any wrongdoing since they weren’t precisely the ones facilitating the foreign exchange business but the bank.

The traders argued they were platform users, not virtual asset business operators. The bank involved also tried to absolve itself from the case as it claimed it carried out the transaction based on the “false evidence” the defendants submitted. 

Court Finds The Defendants Not Guilty

The court agreed with most defendants’ arguments, acquitting 14 (including Mr. A) out of the 16 persons charged. A local Judge who ruled over the case opined that their actions didn’t violate the objective of the Foreign Exchange Transactions Act and, therefore, could not be punished under that law. 

The Judge added that there was “nothing to suggest that the defendants operated as virtual asset business operators.” If the reverse was the case, they could have been punished for not registering their business or making certain disclosures as required by the law. 

Interestingly, Judge Park further distinguished the current case from a Supreme Court precedent as he noted that the highest court did not “explicitly judge the issues in this case.” The prosecution already submitted an appeal, dissatisfied with the court’s ruling. 

Chart from Tradingview

On-chain data shows the Dogecoin volume and whale activity have plummeted recently, a possible indication that investors no longer have interest in the memecoin.

Dogecoin Transaction Volume And Whale Transaction Count Have Declined

As pointed out by analyst Ali in a new post on X, DOGE trading activity has become lower recently. There are two on-chain metrics of relevance here: the Transaction Volume and Whale Transaction Count.

The former keeps track of the total amount of Dogecoin (in USD) involved in daily transaction activity on the network. A high value of this metric usually suggests that trading interest in the asset is high right now.

On the other hand, the low metric implies not many traders are paying attention to the memecoin currently as little volume is transacted on the blockchain.

The other metric of interest here, the “Whale Transaction Count,” measures the total number of transfers on the network that are at least $1 million.

Unlike the Transaction Volume, which provides information about the network in general, the Whale Transaction Count specifically tells us about the activity being displayed by the whales.

The whales are the largest entities on the chain, so they can hold some influence in the market. As such, their activity can affect cryptocurrency in one way or another.

Now, here is a chart that shows the trend in the Dogecoin Transaction Volume and Whale Transaction Count over the last few months:

As displayed in the above graph, both the Dogecoin Transaction Volume and Whale Transaction Count have recently seen a drawdown towards relatively low levels. This would imply that interest in the asset from both the whales and retail investors may have waned in the memecoin.

Generally, when buying and selling activity is high, DOGE is likelier to display some volatility. The chart shows that the volatile moves the coin has observed recently all saw the metrics register spikes.

Since Dogecoin isn’t observing that many transactions at the moment, it’s possible that the cryptocurrency’s price will continue to range in the coming days.

Any ignitions in the indicators can be to look out for, however, as they may be a predictor for a sharp move in the price. As these metrics only track whether trading activity is occurring rather than if buying or selling is taking place, any volatility arising from these spikes can take the price in either direction.

DOGE Price

While Bitcoin and other top digital assets have enjoyed profits recently, Dogecoin has slumped sideways, with returns standing utterly flat in the past week.

Currently, DOGE is trading around the $0.08 level, as the chart below shows.

Due to Dogecoin’s recent poor performance, it lost its spot in the top 10 cryptocurrencies by market cap list to Chainlink (LINK). If the coin’s struggle continues, it might slip further down the list, as Tron (TRX) is lurking just behind the asset now.

The Bitcoin price has experienced a significant surge, surpassing the $50,000 mark as Wall Street exchange-traded funds (ETFs) gained approval from the US Securities and Exchange Commission (SEC) on January 11. 

This bullish momentum, coupled with increased ETF demand, has propelled Bitcoin into a fully-formed bull run just months ahead of the anticipated halving event, which is expected to further amplify the ongoing uptrend.

Wall Street ETFs Drive Bitcoin Demand

In a recent CNBC interview with Anthony Pompliano, it was revealed that Wall Street ETFs are buying approximately 12.5 times more Bitcoin per day than the network can produce. 

This surge in demand from institutional investors has contributed to the price appreciation of Bitcoin. Pompliano asserts that Bitcoin has become Wall Street’s preferred asset and predicts that the increased demand through ETFs could lead to a significant rise in its price.

On the other hand, analytics firm Material Indicators has identified $53 million in Bitcoin buy orders stacked at the $50,000 level on the Binance order book. This substantial demand indicates strong investor interest in Bitcoin at this price point. 

However, the firm believes that a price retest of support levels may be imminent, although the timing remains uncertain. 

Bitcoin Price Rally Faces Potential Correction?

If the Bitcoin price successfully breaks above the $50,000 level, Material Indicators anticipate minimal resistance on the path to $52,000 and $58,000. This scenario raises the possibility of a substantial short squeeze, as investors who have bet against the asset may be forced to cover their positions, further driving up the price. 

However, the highly anticipated inflation report scheduled for Tuesday could potentially trigger a correction in the market, as its findings may impact investor sentiment and market dynamics.

Overall, Bitcoin’s price surge above $50,000 is attributed to the approval of Wall Street ETFs and the subsequent increase in institutional demand. The influx of capital from these ETFs has contributed to Bitcoin’s bullish momentum, with expectations of further price appreciation. 

As BTC continues to capture Wall Street’s attention, market participants eagerly await further developments and potential Bitcoin price movements to the upside, with potential corrections ahead. 

Currently, the Bitcoin price has risen over 3.4% in the past 24 hours, coupled with a seven-day uptrend of 16%.

Featured image from Shutterstock, chart from TradingView.com 

The new ERC-404 tokens have swiftly taken the spotlight, dominating the cryptocurrency market and consistently attracting interest from investors and traders. This surge in euphoria has led to a substantial increase in Ethereum gas fees, pushing costs to their highest levels in the past eight months. 

Ethereum Gas Fees Skyrocket

Ethereum gas fees have surged to record highs, reaching unseen levels since March 2023, when the average gas price peaked at 101.26 Gwei. The sudden spike in Ethereum gas prices has been attributed to the recent hype surrounding ERC-404 tokens, an experimental token standard that enables native fractionalization of Non-fungible Tokens (NFTs). 

Presently, reports from Etherscan, an Ethereum block explorer and analytics platform, reveal that on Friday, February 9, 2024, Ethereum gas fees reached an average gas price of 71.4 Gwei, with a maximum and minimum gas price of 59,956 Gwei and 34.4 Gwei respectively.

This price is the highest Ethereum gas fees have reached since its explosive peak in May 2023, when the average gas price surged to 155.8 Gwei.

The popularity of the ERC-404 can be attributed to the Pandora team heralding the unofficial token and taking advantage of its high liquidity. Additionally, various cryptocurrency traders have shown immense interest in the new token, aiming to capitalize on its potential and maximize its liquidity.

One trader recently made $59,000 from the popular ERC-404 token. He revealed that his “secret to making money” was buying and selling the ERC 404 token, MINER, using the high gas fees as an advantage. 

The co-founder of Gaslite GG, identified as ‘Pop Punk’ on X (formerly Twitter), has also predicted that introducing ERC-404 tokens will lead to a continuous daily rise in the average Ethereum gas price. 

About The ERC-404 Token Standard

Earlier Thursday, the market capitalization of ERC-404 tokens soared to $296 million, announcing their arrival in the crypto market. The token standard was launched on February 5 and has gained immense traction in crypto. 

Although ERC-404 tokens remain unofficial due to the absence of a complete audit and endorsement by Ethereum developers, they have witnessed a significant surge in the days following their launch. One of the prominent ERC-404 tokens, Pandora, recently saw a rise of over 400%.

The experimental tokens have gained widespread popularity due to their unique approach of bridging the gap between fungible and non-fungible tokens for better liquidity and fractionalization. 

Chart from Tradingview

In a post on X (formerly Twitter), acclaimed crypto trader Gert van Lagen has pinpointed Cardano (ADA) as the potential frontrunner of the ongoing bull market. His analysis leans heavily on Cardano’s foundational strengths compared to its rivals, Ethereum (ETH) and Solana (SOL).

Why Cardano Is Van Lagen’s Top Pick

Central to van Lagen’s argument is the concept of decentralization, where he posits Cardano as a model of “fundamental superiority.” He articulates, “Cardano stands out for its fundamental superiority over Ethereum and Solana, boasting greater decentralization and the notable absence of support from centralized entities like Gemini.”

This statement not only underscores Cardano’s commitment to decentralization but also implicitly critiques the reliance of other blockchains on centralized support, suggesting a purer adherence to blockchain’s original ethos by Cardano.

Highlighting the critical importance of network reliability, van Lagen points to Solana’s vulnerability, marked by its “sporadic inexplicable network outages of a few hours.” He contrasts this with the inherent stability of the Cardano network, which he notes is “mathematically embedded in the Cardano ecosystem,” suggesting a foundation built on rigorous scientific principles and peer-reviewed research that underpins Cardano’s operations, enhancing its reliability and user trust.

Van Lagen’s enthusiasm extends to Cardano’s Extended Unspent Transaction Output (EUTXO) model, which he believes is a game-changer for blockchain scalability and efficiency. He explains, “In this bullish market, my top bet is on Cardano, leveraging its EUTXO model to dramatically scale network capacity through TPT, not just TPS.”
This approach, focusing on Transactions Per Transaction (TPT) rather than just Transactions Per Second (TPS), allows for a more nuanced and complex handling of transactions, enabling a multitude of operations within a single transaction.

Roy M. Avila’s article, referenced by van Lagen, delves deeper into the TPT concept, illustrating how it differentiates from the traditional account model by allowing for a diverse array of transactions to be processed simultaneously within a single transaction. This significantly reduces the need for sequential transaction processing, enabling greater throughput and efficiency.

Technical Analysis For ADA

Van Lagen shares his technical analysis of Cardano, identifying key patterns and indicators that bolster his bullish stance. At the end of January, noted in a post on X, “Looks very much like ADA, broken black downtrend through weekly closes. Clear double bottom setup below red horizontal –> broken out, currently retesting.” This pattern suggests a strong reversal and potential for significant upward movement.

He further elaborates on ADA’s price action, observing, “ADA [2W] – Compare Adam and Eve bottoms within & . Price has broken through the blue neckline and is on its way to the key resistance zone before ATH: $1.2-1.8. Conservative extension targets: $5-15. Invalidation EW-count: $0.17.”

These insights provide a detailed roadmap for ADA’s potential price trajectory, highlighting both the bullish outlook and critical thresholds for invalidation.

At press time, ADA traded at $0.5325.

Rekt Capital, a well-known cryptocurrency analyst and enthusiast, has offered insights on Bitcoin’s price action ahead of the upcoming BTC Halving event.

One Final Retracement For Bitcoin Before Halving?

The crypto expert took to the social media platform X to share his perception with his nearly 400,000 followers. Rekt believes Bitcoin is poised for a significant retracement before the impending BTC halving.

According to the analyst, the retracement will be Bitcoin’s “last correction before the halving event.” He further highlighted that, due to historical patterns, the pullback is anticipated to occur in late March or April 2024.

In response, a pseudonymous user curiously asked the expert if he could address the pre-halving rally phase in his next newsletter. He added, “Of course, we are unable to have both play out, as we are currently above the 8 resistance line.” 

He further noted that a new pattern might be formed if Bitcoin ends the month above the diagonal. “Monthly Close above the diagonal would be the first in history in a pre-halving period,” he stated.

So far, the cryptocurrency community is excited about the upcoming Bitcoin Halving event. This is because Bitcoin Halvings are seen as a bullish occurrence that drives up the price of BTC significantly.

Notably, the event occurs approximately every four years. It aims to maintain BTC’s scarcity and value while controlling inflation by decreasing the rate at which miners in the network create new BTC units.

The miners‘ block reward will drop from 6.25 BTC to 3.125 BTC during the next halving. Additionally, the event is anticipated to occur in April 2024 after the number of blocks reaches 840,000.

Bullish Overview Of The Digital Asset

Despite the potential pullback pre-halving, several crypto enthusiasts are still bullish about the leading cryptocurrency asset on low timeframes. Ali Martinez, a cryptocurrency expert, recently shared an optimistic prediction for BTC to tackle skepticism around the token.

Ali Martinez highlighted that BTC boasts robust support levels that could surpass resistance. Due to this, he has predicted a possible rise in BTC’s price to the $57,000 price mark. However, he believes that Bitcoin will undergo a correction before reaching the aforementioned price mark.

Currently, Bitcoin is sitting at $47,886, recording an increase of over 11% in the past 7 days. CoinMarketCap shows that the token’s trading volume is up by 4%, while its market cap is down by 0.53%.

After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs).

The Halving Event: A Catalyst For Scarcity, Price Appreciation

The Bitcoin halving event, scheduled for April 2024, stands as a pivotal moment in the cryptocurrency’s history. This event, occurring every four years, reduces the block reward for miners by half, effectively diminishing the supply of new BTC. This scarcity, coupled with steady or increasing demand, has historically triggered substantial price increases.

A retrospective analysis of previous halving events reveals the transformative impact on Bitcoin’s value. In the year following the 2012 halving, BTC’s price skyrocketed by an astounding 10,000%, while the 2016 halving was followed by a remarkable 2,000% surge. These historical precedents provide a compelling basis for optimism regarding the upcoming halving event’s potential to ignite a new bull run.

Institutional Adoption: A Surge Of Confidence And Liquidity

The growing institutional adoption of Bitcoin represents another key driver of its bullish outlook. Institutional investors, recognizing the cryptocurrency’s potential as a hedge against inflation and currency devaluation, are increasingly allocating funds to this emerging asset class.

This influx of institutional capital, coupled with the recent launch of spot Bitcoin ETFs in the United States and Hong Kong, has significantly enhanced the accessibility and legitimacy of Bitcoin as an investment vehicle.

Spot Bitcoin ETFs, unlike their futures counterparts, allow institutional investors to directly buy and sell the actual cryptocurrency, eliminating the need for intermediaries. This added flexibility, combined with the increasing regulatory clarity surrounding cryptocurrencies, is expected to attract even more institutional money into the market, further fueling demand and price appreciation.

Bitcoin Price Predictions: Experts Weigh In

Prominent crypto analysts and market experts have offered their predictions for Bitcoin’s price trajectory in 2024. Crypto Rover, a renowned market analyst, believes that Bitcoin could embark on a bullish trend if it surpasses the $48,500 resistance level and reaches the 0.618 Fibonacci level.

I think #Bitcoin will hit a new ATH in 2024.

— Crypto Rover (@rovercrc) February 10, 2024

At the time of writing, Bitcoin was trading at $48,234 up 0.2% and 13.7% in the daily and weekly timeframes, data by Coingecko shows.

Once #Bitcoin breaks the $48,500 mark, better said, the 0.618 Fibonacci level,

that will mark the official trend reversal to a bull market. I’m keeping a close eye on this level! pic.twitter.com/ne2SvugHRp

— Crypto Rover (@rovercrc) February 10, 2024

The CEO of analytics platform CryptoQuant, Ki Young Ju, predicts that by the end of the year, the price of a bitcoin might soar to an astounding $112,000 per unit.

#Bitcoin could reach $112K this year driven by ETF inflows, worst-case $55K.https://t.co/HrkV3TU8Ul pic.twitter.com/jBn6HWpt9b

— Ki Young Ju (@ki_young_ju) February 11, 2024

A Year Of Transformation And Growth

In light of the impending Bitcoin halving event, the surge in institutional adoption, and the introduction of spot Bitcoin ETFs, 2024 emerges as a pivotal year for the cryptocurrency. While price predictions may vary, the overwhelming consensus among experts points to significant potential for growth and appreciation.

Featured image from Adobe Stock, chart from TradingView

Chainlink (LINK) is now experiencing three weeks of robust positive price activity, putting it well ahead of the overall cryptocurrency market. LINK’s price has skyrocketed over 48% since January 25, surpassing $20 on February 11 for the first time since February 2022.

Amidst this price surge, which saw the cryptocurrency moving closer to Dogecoin in market cap rankings, on-chain data has revealed a consistent whale accumulation. One whale, in particular, has accumulated $83.6 million worth of LINK in the past five days.

Chainlink Overtakes Dogecoin In Market Cap

Chainlink’s price movement this year has been surprising, and current price action shows no intention of slowing down anytime soon. LINK, the decentralized oracle network’s token, recently overtook Dogecoin to become the 10th largest cryptocurrency by market capitalization.

At the time of writing, LINK’s market cap is $11.85 billion compared to DOGE’s $11.46 billion. The recent surge in LINK’s price and market cap seems driven by whales and investors accumulating the token.

According to data from IntoTheBlock, LINK whale transactions greater than $100,000 totaled more than $1.29 billion in the past seven days.

Notably, total exchange outflows in the same period have far outweighed inflows, indicating the current holding sentiment from LINK traders.

IntoTheBlock’s exchange metric shows that $282.6 million worth of LINK was withdrawn from exchanges in the past seven days, compared to an inflow of $154.89 million. 

One whale has been scooping up massive amounts of LINK from crypto exchange Binance in the past seven days. Blockchain data analysis platform Lookonchain has revealed that 4,556,684 LINK ($83.6 million) have been withdrawn from the exchange within the past five days and placed in 55 new wallets.

Although the outflow has gone into multiple wallets, the pattern of withdrawals suggests that one entity is carrying out the accumulation. 

What’s Next For LINK?

At the time of writing, Chainlink is trading at $20.21. Although still up by 9% and 36.13% in the past seven and 30 days, respectively, the price surge seems to be slowing down, and the crypto has since corrected 2% from a yearly high of $20.63 in the past 24 hours.

On the broader end, the crypto market seems to be catching up in gains, as most cryptocurrencies witnessed inflows led by Bitcoin last week. Dogecoin wasn’t excluded from this inflow, with its price spiking 7.3% from 0.0776 to 0.08327. Dogecoin is currently trading at $0.08046. 

LINK’s market cap currently stands above DOGE by $390 million. An increase in LINK accumulation by traders could continue to widen the difference between the assets. 

Chart from Tradingview