Decentralized oracles token Chainlink stole the crypto spotlight after outperforming most digital assets this quarter. Despite new all-time highs, different on-chain and technical metrics show that LINK is ready to retrace.
Chainlink’s recent upswing turned heads, especially considering that many traders thought LINK was already overbought. Data reveals that the number of LINK-related mentions on different social media networks surged dramatically. The numbers suggest the market has entered FOMO around Chainlink.
The rising chatter around the decentralized oracles token allowed it to move to the number one spot on Santiment’s Emerging Trends list. Nonetheless, the high level of notoriety is not necessarily a good sign, according …