Chainlink (LINK) Performs Well Amidst Market Turning To Red
Price fluctuations are a daily occurrence in the crypto markets now. Since the fight against inflation began, the overall financial markets have tanked. Nowadays, asset prices swing without warning, and the continuing crypto winter only heightened the volatility. The recent event expected to boost market recovery has been completed. Ethereum is now operating on a proof-of-stake mechanism as planned. But after the successful launch, crypto asset prices dipped, and losses spilled over to the next 24 hours. Related Reading: Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid....
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November is starting to be an uncertain month for the crypto market. However, Chainlink (LINK) seems to be bullish as it has kept substantial gains from last week. The altcoin also performed well earlier today, establishing a local high of $7.96. Chainlink’s price started a bullish trend after testing and confirming support at the $6.50 level. The price feed oracle token suffered a devastating October reversal, wiping away all of its September gains. However, it was able to recover around 6% before the month ended. Related Reading: These Key Factors Might Push Ethereum To Outplay Bitcoin....
Despite facing uncertain conditions, Chainlink (LINK) has displayed a remarkable performance in the last seven days. The cryptocurrency went from $7.05 to testing its $7.9 resistance but failed. However, it left traders and investors with decent profits along the way. Plus, some analysts are hopeful Chainlink may finally break into the $8 zone. With October being a bullish season for altcoins and Chainlink’s recent Hebys partnership, these predictions seem practical. Related Reading: Bitcoin Price Kicks Off the Week In Red, What Fueled The Crash? Chainlink Meets New Resistance At $8....
Like many other altcoins, Chainlink (LINK) faced a strong correction in September and October after the summer highs were set. From its summer high and all-time high of $20, set in the middle of August, LINK corrected more than 50%, bottoming around $7. As of this article’s writing, Chainlink trades for $10.86, down around 4% […]
Chainlink (LINK) is one crypto-asset that has recovered massively from its September lows. As of this article’s writing, Chainlink (LINK) trades for $10.75, far above the $8 lows seen near the start of September. The coin is still down by just shy of 50% from its all-time high price of $20, set in the middle […]
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a success with its integration with Chainlink (LINK). The international entity has been experimenting with blockchain technology, both private and public networks, and finally revealed the progress of its efforts. Related Reading: Chainlink Developer Activity Surging, LINK Prices Up 44% From June Lows Chainlink To Improve […]