The price of LINK and Bitcoin has risen in the last 24 hours and LINK has emerged as the best performing coin in the market. Meanwhile, the price of the meme coin PEPE, which frequently makes headlines during the bear market, dropped by more than 4 percent.
Popular cryptocurrency trader and analyst Ali explained in an X post earlier today that long-term Bitcoin (BTC) holders are holding strong. In his post, the analyst included a snapshot of on-chain data from Glassnode, showing that many BTC investors are hopeful that the price of the market leader may rise in the next few months.
Bitcoin price started the week positively
The persistence of its owners was rewarded last trading day, as the price of the leading cryptocurrency increased by 0.51 percent during this time. This positive daily performance increased Bitcoin's weekly price performance by 3.12 percent, moving it into the green zone. As a result, CoinMarketCap stated that BTC changed hands at $26,677.80 at press time.
Meanwhile, another famous trader and analyst, Michael van de Poppe, stated that Chainlink (LINK) price rose to $6.60 after a successful retest. According to the post, the price of the altcoin has recovered from the low-$6 range over the past few days. The analyst concluded his article by stating that the altcoin is “still an opportunity of a lifetime.”
LINK became one of the best performers in the market in the last 24 hours as it achieved a gain of 6.55 percent, taking its weekly performance to a plus 10.19 percent. The altcoin then reached a higher value than the $6.60 target mentioned in van de Poppe's article and was at $6.63 at press time.
Meanwhile, the popular meme coin Pepe (PEPE) followed a completely different trend from LINK and Bitcoin over the last 24 hours. As of press time, the price of the cryptocurrency was trading at $0.0000006335 after falling 4.69 percent. As a result, PEPE's price stood closer to its 24-hour low of $0.0000006138 than its daily high of $0.0000006678.
