• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    Why BTC Might Explode to $150K 🌕

    2025-06-14

    Why Bitcoin Core Is Bitcoin

    2025-06-14

    🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

    2025-06-13

    BTC: Lights out for a month or 2!!!

    2025-06-13

    🚨 Tesla’s Secret Weapon? It’s Not What You Think. 🚨

    2025-06-12
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Inside Chainlink’s [LINK] quest to fit into place amid market resurgence
Altcoins

Inside Chainlink’s [LINK] quest to fit into place amid market resurgence

2023-03-18No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

As the crypto market maintains revival, tokens like Chainlink [LINK] have found it challenging to grab a share of the widespread positive sentiment.

According to on-chain data, several projects have enjoyed an array of investors’ participation since the ecosystem stabilized at the detriment of the bears.


How many are 1,10,100 LINKs worth today?


Despite being ranked #21 in terms of market capitalization and staying on the watchlist of over 1 million prospective investors, LINK’s contest for adoption was a scuffle. 

The LINK grounds are far below dominion 

According to Glassnode, the non-zero LINK addresses have decreased to 665,850. As inferred from its name, the metric measures the number of addresses holding a positive number of cryptocurrencies.

So, the drop depicts sell-offs from existing holders or investors looking into other projects.

Chainlink non-zero addresses

Source: Glassnode

But a thorough look at the data above shows that the decline has been there since January. This puts the option of slow traction above the selling pressure effect.

LINK, 87.36% down from its All-Time High (ATH), has only managed a 1.44% value increase in the last 30 days. This was mainly in contrast to the trend displayed by Bitcoin [BTC], Ethereum [EHT], and several others in the same bracket.

However, the token seemed to have made up for lost detachment as it built up an 8.13% uptick in the last seven days. Although LINK improved per its price, its volume had been drawn in the ebb and flow over the last few days.

The volume serves as an indicator of market strengths. Rising volume signals an increase in transactions on a network and is typically viewed as a sign of a healthy network.

See also  Bitcoin Path To $70,000? Analyst Shows What This 'Head And Shoulders' Pattern Reveals

At press time, the LINK’s volume was at 328.21 million. Although it was an increase from the value on 18 March, it was minimal when compared with several other tokens.

LINK price and Chainlink volume

Source: Santiment


Is your portfolio green? Check out the Chainlink Profit Calculator


Longs have control

Nonetheless, the LINK funding rate at press time was positive at 0.01%. The metric reveals the rate of periodic payments based on long and short positions held by traders.

When the metric is positive, it means short positions are paying the longs. On the other hand, longs pay shorts when the funding rate is negative. 

Chainlink funding rate

Source: Santiment

So, the current state implied that LINK longs made the most profits at the expense of short positions. However, the LINK sentiment in the future could depend on which direction BTC moves.

Lastly, events like the banking sector turmoil could also impact the token.

Chainlinks fit LINK market place quest Resurgence
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEC’s New Crypto Plan Could Start a Market Boom…or Crash

2025-05-31

Buffett’s LAST BET: Is He Bracing for TOTAL Market Collapse?!

2025-05-29

MSTR Financial Jiu-Jitsu: Saylor’s Savage Capital Market Checkmate! 🔥🔥🔥

2025-05-28

Bond Market Meltdown: Bitcoin’s Ultimate Bull Catalyst

2025-05-25
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Learn About Crypto

What They Are and What They Are For

2025-04-17

Not every crypto token is about speculation or investing. Some exist purely to make things…

Analysis

Top US Crypto Exchange Coinbase Introduces New On-Chain Payments Protocol

2023-11-19

Top US-based crypto exchange platform Coinbase is announcing a new on-chain payments protocol. In a…

DeFi

DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds

2023-05-17

DeFi The many pains of using decentralized finance (DeFi) protocols may be stopping occasional crypto…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

BTC: Lights out for a month or 2!!!

2025-06-13
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 106,697.59
ethereum
Ethereum (ETH) $ 2,605.34
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.21
bnb
BNB (BNB) $ 654.33
solana
Solana (SOL) $ 155.51
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.176106
tron
TRON (TRX) $ 0.271056
staked-ether
Lido Staked Ether (STETH) $ 2,604.40
bitcoin
Bitcoin (BTC) $ 106,697.59
ethereum
Ethereum (ETH) $ 2,605.34
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.21
bnb
BNB (BNB) $ 654.33
solana
Solana (SOL) $ 155.51
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.176106
tron
TRON (TRX) $ 0.271056
staked-ether
Lido Staked Ether (STETH) $ 2,604.40