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Chainlink Is The Best Performing Altcoin, But Its Success May Be Short-lived
Summary: Chainlink has outperformed most altcoins over recent weeks, climbing to become the fifth largest cryptocurrency and as of today setting a new all-time-high price above $15, however some investors are wary of Chainlink's long term success. Several metrics highlighted by blockchain analytics firm Santiment in a recent tweet suggest that LINK's price may soon correct. ...
Chainlink has outperformed most altcoins over recent weeks, climbing to become the fifth largest cryptocurrency and as of today setting a new all-time-high price above $15, however some investors are wary of Chainlink's long term success.
Several metrics highlighted by blockchain analytics firm Santiment in a recent tweet suggest that LINK's price may soon correct. For starters, LINK deposits into exchanges are on the rise, suggesting investors are looking to swap their LINK for other assets.
LINK's average dollar invested metric has also started to decline, meaning less funds are going into the asset. At the time of writing LINK is trading hands at $18 and is up 17.97%, according to Bitpush data.
By Emily Mason
Tags: Altcoins,Chainlink,LINK
Link: Chainlink Is The Best Performing Altcoin, But Its Success May Be Short-lived [Copy]
