Chainlink [LINK]: Why price, network activity moved in opposite ways
With July marked by significant price growth for many crypto assets, was it any different for this oracle’s native token, LINK?At the beginning of July, the price of LINK was pegged at $6.07. However, as the bullish retracement intensified, the price of LINK was able to rally a 25% uptick within the 31-day period. At the end of the month, the token exchanged hands at $7.64.
In the period under review, the LINK token logged daily highs of 965.05 million on 19 July and 1.07 billion on 29 July as its trading volume. Within the 1-month window, the token’s trading volume grew by 26%. At press time, LINK was ranked #24 with a market capitalization of $3.34 billion, its market capitalization rose by 27% in the last month.On a daily chart, the token’s price has declined by 8% in the last 24 hours. Buying pressure also appeared to be waning at the time of writing. The token’s Relative Strength Index and Money Flow Index were spotted chasing lows at 52.28 and 52.35 marks, respectively.
Exchanging hands at $7.12, Chainlink’s native token currently trades at its July 2020 levels. This year alone, the token has declined by over 60%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Louvre's Mona Lisa keeps a smile: Paris' cooling systemPARIS (AP) — The Mona Lisa may maintain her famously enigmatic smile because she benefits from one of Paris’ best\u002Dkept secrets: An underground cooling system…
Read more »
Posthaste: Why the Canadian dollar isn't done yetThe Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
Read more »
Posthaste: Why the Canadian dollar isn't done yetThe Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
Read more »
Posthaste: Why the Canadian dollar isn't done yetThe Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
Read more »
Posthaste: Why the Canadian dollar isn't done yetThe Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
Read more »
Posthaste: Why the Canadian dollar isn't done yetThe Canadian dollar has been stuck in a range of 76 to 79 US cents, but it could go higher
Read more »