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  • Chainlink and Aave Rise as Trump’s Firm Buys Millions in Tokens
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Chainlink and Aave Rise as Trump’s Firm Buys Millions in Tokens

Jane Kariuki 12 December 2024
Chainlink LINK Image via Cryptonewsfocus.com

Chainlink Cryptonewsfocus.com

  • Donald Trump’s company, World Liberty Financial, has ignited bullish momentum in the crypto market by swapping millions of USDC for Ethereum (ETH), Chainlink (LINK), and Aave (AAVE), triggering double-digit gains for LINK and AAVE.
  • With LINK targeting $100 and AAVE aiming for $1,000, both tokens are positioned for significant highs fueled by technical breakthroughs and positive market sentiment.

The crypto market is buzzing with excitement as Donald Trump’s company, World Liberty Financial, has made a strategic investment, swapping millions of USDC for Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). This unexpected move has ignited bullish sentiment, driving LINK and AAVE prices to new heights and setting the stage for potential all-time highs (ATH) of $100 and $1,000, respectively.

A Strategic Investment That Shakes the Market

World Liberty Financial’s recent transaction involved exchanging over $5 million in USDC for ETH, LINK, and AAVE. This purchase elevated the company’s ETH holdings to a staggering $55 million and positioned LINK and AAVE with over $1 million each. The timing of this move coincides with Trump’s election as the new U.S. president, fueling market optimism and attracting double-digit percentage gains for these tokens.

Ethereum has been relatively steady, trading within a consolidated range, while LINK and AAVE have shown remarkable momentum. Bitcoin also played a key role, reclaiming the $100K mark and erasing bearish concerns. Together, these developments have rejuvenated the broader crypto market.

Chainlink (LINK): Poised for Triple Digits?

Chainlink has been a standout performer, surging past a critical resistance zone of $27.32–$28.26. This breakthrough, supported by bullish trading volume and technical indicators like the Golden Cross, suggests a robust price rally. LINK is now eyeing $34.39, with $40 in sight if it clears the $37–$37.50 range.

The token’s bullish trajectory could potentially close the year with a price above $40, paving the way for a three-digit milestone in the near future. As the crypto market continues to react to positive news, LINK is firmly positioned for significant gains.

Aave (AAVE): Climbing the Path to $1,000

Aave, too, is riding the wave of optimism sparked by Trump’s investment. Currently nearing the neckline of its parabolic recovery curve, AAVE aims to break through its final resistance zone of $516–$566. With its first-ever weekly Golden Cross on the horizon, the token is showing signs of unprecedented bullish momentum.

Once AAVE surpasses its previous ATH of $668, analysts predict it could skyrocket to $1,000 during the anticipated Altseason, cementing its place as one of the most promising DeFi tokens.

The Road Ahead

Trump’s involvement in cryptocurrency is a game-changer, reinforcing confidence among traders and institutions alike. With LINK and AAVE already demonstrating strong performances, their potential to reach $100 and $1,000, respectively, looks increasingly likely.

As the crypto market rallies, these tokens stand out as key players in a rapidly evolving landscape, making them assets to watch in the months ahead.

Continue Reading

Previous: Pepe Coin: A Rising Star Among Meme Cryptos?
Next: Crypto Shake-Up: Ripple Awaits SEC Appeal Outcome as BTC Reaches $100k

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