• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Chainlink Up Nearly 1,000% Since ‘Black Thursday’ Crash

Written by:
Aeon Flux
Published on:
19 August 2020
Thoughts:
No comments yet

Aug 18, 2020 at 10:02 UTCUpdated Aug 18, 2020 at 14:38 UTC

screen-shot-2020-08-18-at-10-43-17

Chainlink’s price rally (CoinDesk)

The rally in data oracle coin chainlink means it is now up nearly 1,000% from where it was when markets tumbled during the Black Thursday sell-off.

  • After bottoming at a near-year low of $1.79 on March 17, LINK tokens have been within a few cents of the $20 boundary in the past few days.
  • CoinGecko data shows LINK hit $19.54 in the past 24 hours, or 983% above its mid-March price. It hit its all-time high of $19.84 on Sunday.
  • The price rise has been accompanied by a surge in investor enthusiasm: Searches for chainlink on Google are at an all-time high and its trading volumes have soared past that of bitcoin’s.
  • Media owner and latter-day trader David Portnoy has spurred the hype further after reportedly buying $50,000 worth of LINK at the weekend.

chart-33LINK price from the start of March. Source: CoinGecko

  • Some are concerned. Mati Greenspan, the founder of analyst firm Quantitative Economics, told CoinDesk the euphoria surrounding Chainlink was a worrying sign some investors may be getting in over their heads.
  • “Kids bragging on social media about getting their parents’ and grandparents’ retirement funds into this [is] usually a good sign that the top is near,” he said.
  • At press time, LINK tokens were down 10%, trading just above $17.

See also: Link Price Surges 32% to Overtake Bitcoin Cash as 5th-Largest Crypto by Market Cap

Read more about…

ChainlinkCoinFlash

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Categories: Bitcoin, News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,396)
  • Ethereum (1,614)
  • News (5,010)

Recent Posts

  • Best Stocks Expected to Boom in 2023 7 May 2022
  • How soon before the US$’s reign as the world reserve currency is over? 7 May 2022
  • What You Need to Know About the Era of “Play-to-Earn” Crypto Gaming 7 May 2022
  • Interview with Ian Manson, Storyboarding and World Builder at JustAGame 6 May 2022
  • NFT Marketplace Development — The New Crypto Wave In The Digital Spectrum 6 May 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web