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Can Chainlink’s price breakout change the prevailing narrative
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Chainlink’s price has oscillated close to the $26-mark all through October. The altcoin recorded its all-time high of $52.6 in May and a multi-month high of $36.3 on 6 September. Since then, the crypto has lost over 20% of its value, making range-bound moves from $23 to $27.
In fact, in effect, people from the community have started to claim that LINK is moving like a stablecoin.
Well, while it is true that LINK’s price is still around 50% lower than its ATH, there is no-to-low reason to believe that it is in fact akin to a stablecoin. LINK’s consolidation all through October has triggered such a narrative, especially since the altcoin’s gains seem to be rather market-centric.
Nonetheless, there were clear signs, at press time, that seemed
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