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Криптовалюты:  7,186Рынки:  30,048Рыночная капитализация:  $345,915,898,191Объем за 24ч:  $96,651,679,589Доминирование BTC:  57.6%
Рыночная капитализация:  $345,915,898,191Объем за 24ч:  $96,651,679,589Доминирование BTC:  57.6%Криптовалюты:  7,186Рынки:  30,048

Chainlink Screams Sell Despite New Highs

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Chainlink Screams Sell Despite New Highs

Crypto Briefing1 month ago
Published on August 08, 2020 03:14 GMT+0edited on August 08, 2020 03:24 GMT+0

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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.

LINK’s Social Engagement Metrics Explode

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 …