Chainlink Down 5% As Altcoins Show Big Decline Overall
Chainlink Mimics Broader Altcoin Market, Drops 5% Over Weekend
According to data from coin market capitalizationChainlink (LINK) posted a 5% price drop, bringing the altcoin’s seven-day streak of losses to 10% at the time of writing.
Interestingly, traders were still paying attention to the asset before the drop, according to Santiment’s analysis.
“We have seen 3 social dominance spikes in LINK, indicating that traders are moving. did.
🔗 #chain linkEmergence of three social dominance spikes $LINK, indicating that the trader is moving. The latest occurred when prices started rising again. 👀 https://t.co/uExbWHPLWw pic.twitter.com/9g6l7c5sIA
— Santiment (@santimentfeed) October 15, 2022
Falling asset prices pushed the stock down further from the October high of $7.92.
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The Broader Altcoin Market Continues In Chaos
In August, CoinMarketCap also showed Link up $9, prompting analysts to speculate a possible $10 drop. However, the link continued to maintain a decline in trading volume, reaching its current level.
Similarly, other major altcoins ended the week with a loss after a significant drop in price since the beginning of the week. Cardano (ADA) According to Solana (SOL) are two of the hardest losers. coin market capitalizationEthereum (ETH) and Ripple (XRP) I have only suffered minor daily losses.