• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Chainlink (LINK) Performs Well Amidst Market Turns To Red

in Crypto Exchanges
Reading Time: 3 mins read
Chainlink (LINK) Performs Well Amidst Market Turns To Red
8
VIEWS
Share on Facebook

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 Bear Market

Currently, almost all the assets are red in price movements. The leading crypto Bitcoin has lost 2.95% in 24 hours. Ethereum, the center of attention during this period, has also lost 1.70% in 24 hours and 15.73% in 7 days.

But not all hope is lost. Some cryptocurrencies are rallying impressively, and the top leader in this category is Chainlink LINK. 

Chainlink LINK Gains 9.03% Amid Market Pullback 

Chainlink LINK is one of the cryptocurrencies currently gaining each hour on September 16. As of the time of writing, the LINK price stands at $7.71, representing an 8.19% gain in 24 hours. The price movement on September 16 has been very encouraging. LINK recorded some dips in its 24 hours trading, but not the red lines. The coin saw an intraday high of $7.759 and an intraday low of $7.4948. The next low point during the day was a dip to $7.60 before regaining its upward momentum. 

If the price continues upwards, LINK might grow considerably higher before the market closes. This gain is a welcome development for the crypto as its 7 days price growth sits at 2.23%.

LINK’s price is currently trading above $7.5. | Source: LINKUSD price chart from TradingView.com

What Could Be Pushing Chainlink Post-Merge

Chainlink has proven useful in the crypto space. The network has eliminated the struggle with oracles in smart contracts. It created a decentralized pool of oracles to provide real-time, accurate information for on-chain transactions. Smart contracts using Chainlink oracles can operate with reliable information. 

A few months back, an analyst Austin Arnold, a crypto analyst, addressed some key factors capable of pushing a crypto project’s value. He aimed to help his 1.24 million YouTube subscribers pick the right crypto to invest in during the raging bearish trend. 

The analysts picked four popular projects, of which Chainlink LINK was the first. According to Arnold, five factors will drive LINK’s future growth after the crypto winter. 

The first is the right team with capable skills in controlling the network. Other factors include adequate funding, strategic partnerships, solutions for real-life problems in blockchains, and network positioning in verticals. 

Related Reading: Bitcoin Whale Selling Pressure Continues As BTC Dips Under $20k

Arnold pointed out that the Chainlink network has these five characteristics. He noted how the Oracle network had improved BNB Chain BNB and Polygon MATIC, showing developers’ adoption. 

Even during the crypto winter bloodbath in the market, Chainlink LINK maintained its price range between $6+ and $8+. It recorded a spike to $9.28 on June 10 but later dipped to $8.05. The lowest price LINK recorded between May to September 16 was $5.97 on July 13 before bouncing back to $6.18 the next day. 

Featured image from Pixabay and chart from TradingView.com

Source link


Sign up now: Get Smarter about Cryptocurrency with our weekly Free newsletter

Do you have any questions?  Reach out to us on any other social media, we will do our best to respond After you are Following Us  🙂

Instagram ——Twitter——-Facebook——Quora

Do you like the Article?  Please share   Thank you…

**This post contains affiliate links that will help me create new content without additional cost for you **

**I’m not a financial advisor **

 

Best Crypto Exchanges Of 2022


  • Trending
  • Comments
  • Latest
5 Bots for crypto trading in 2023

5 Bots for crypto trading in 2023

18 January 2023
Crypto Trading vs Stock Trading in 2023

Crypto Trading vs Stock Trading in 2023

19 January 2023
10 Crypto Trading Strategies You Need To Know

10 Crypto Trading Strategies You Need To Know

13 January 2023
How to trade cryptocurrency

How to trade cryptocurrency : for Beginners Guide

25 January 2023
most profitable coin to mine

The most profitable coin to mine in 2023

26 January 2023
How to trade cryptocurrency on Binance

How to trade cryptocurrency on Binance

27 January 2023
most profitable coin to mine

The most profitable coin to mine in 2023

26 January 2023
Looking back: 2022 on ethereum.org

Looking back: 2022 on ethereum.org

26 January 2023
Asia Broadband announces release date of Gold-Backed Baboons NFT collection

Asia Broadband announces release date of Gold-Backed Baboons NFT collection

26 January 2023
How to trade cryptocurrency

How to trade cryptocurrency : for Beginners Guide

25 January 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}