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Chainlink investors’ patience may have paid off, but what now
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Chainlink had a pretty dormant last week. Due to its low correlation with Bitcoin back then, the king coin’s hike did not trigger a rally for the altcoin. However, this week, the tides have changed and LINK holders are looking pretty happy, when compared to last week.
Last week, when LINK was consolidating, investors were pretty inactive as well. And, this inactivity was expected to play in their favor in the coming days and it worked.
In just 5 days, LINK’s price went up by 22%. Due to this selling and buying, the market witnessed a boom and over 25.7 million LINK worth well over $7.7 billion were bought and sold. Subsequently, volumes in the spot market also saw a hike and for 3 days, lingered above $500 million.
Chainlink volumes |
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