Data from Santiment indicates that the power behind Chainlink’s rally to new ATHs may be dwindling.Chainlink rallied another 4% today, maintaining its place as the fifth largest crypto asset by market cap — but are investors starting to become skittish? According to on-chain analytics resource Santiment, Chainlink (LINK) investors may be “becoming increasingly uncertain in its prolonged rally.” Santiment reported that though there weren’t “many bearish indicators or signs of an impending top” for LINK as of last week, that may no longer be the case.The number of LINK deposits into crypto exchanges reached an all-time high (ATH) of 8.2 million, the same day the token reached an ATH price of roughly $15.LINK holders may be moving their tokens to exchanges to take profits as the last time an ATH for this metric was recorded the price was at $4.51, the token’s highest at the time.LINK’s mean dollar invested age is also “dipping in a big way” according to Santiment, indicating that longer term holders have begun taking profits.Link deposits into crypto exchanges.Source: Santiment Santiment posted on Aug.13 that the number of daily active addresses was at 20,800, five days after the ATH of 22,600.
Despite these signs, LINK has not slowed down yet.Thanks to new investors like Dave Portnoy, CoinMarketCap data shows LINK hit a new all-time high today around $18.37 and now has a market capitalization of more than $6 billion.What’s behind the LINK rally? The price of LINK has risen more than 124% in the last two weeks alone, from $7.74 on July 31 to $17.36 as of this writing.Cointelegraph reported on multiple factors which could have contributed to LINK rallying to new all-time highs, from the squeeze of short contracts in the futures market to most recently demand from yield farmers trying to get their hands on YAM tokens — before the token tanked earlier today.One of the strangest stories around LINK during its rally revolved around Zeus Capital.The investment firm has attempted to talk the price of the token down and even reportedly offered Crypto Twitter influencers payments to post about LINK’s price action, reportedly because the firm holds a massive short position on the token.Share this: 3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term.Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, there is a strong possibility that Bitcoin could follow suit.The United States stock market has seen extreme volatility after the… German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3.The Wall Street Market, reportedly the world’s second-largest dark web market, has been shut down by the German Federal Criminal Police under the authority of the German… Eastern Caribbean Central Bank’s CBDC Could Beat China to the Punch in 2020 The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch.Almost exactly one year ago, the Eastern Caribbean Central Bank and Bitt Inc.
— a financial-technology company based… New Zealand Police Confirm Investigation Into Alleged $3.6 Million Hack of Cryptopia Police in New Zealand confirmed they are investigating what appears to be a major hack of local cryptocurrency exchange Cryptopia worth at least $3.6 million, a press release stated on Jan.16.Cryptopia, which abruptly shut down its website and exchange services on Jan.14, subsequently said it had detected malicious activity.“The Cryptopia exchange suffered a… Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec.30.
Local news outlet dongA reported on Dec.19:“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize Busan’s local economy and ease the… CryptoKitties’ Dieter Shirley on Breaking Ethereum and NFTs On March 5, Dapper Labs, the team behind the popular blockchain game CryptoKitties, launched ‘Flow Playground’ — an interactive platform allowing developers to experiment with creating non-fungible tokens (NFTs) and smart contracts on the company’s forthcoming Flow blockchain.Cointelegraph spoke to Dapper Labs co-founder and CryptoKitties co-creator Dieter Shirley on the launch of Flow Playground, the… Mt.Gox Casts a Dark Shadow of Crypto’s Collapse — A Long Fight for Justice Mt.Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on.
This news comes at a unique time: amid a pandemic and with the world on the brink of economic crisis.It calls to mind again the 2014 collapse of Mt.Gox, the Japan-based cryptocurrency… Blockchain-Free CloudCoin Claims Secure Email-to-Email Transactions CloudCoin announced the launch of its cloud-based digital currency July 15.With no blockchain, public ledger, accounts or encryption, CloudCoin claims it is the most private digital currency ever created.It uses technology adapted from the internet’s Domain Name Service (DNS) to enable secure email-to-email or email-to-wallet transactions.
CloudCoin says that it eliminates systemic risk of… Former Steem Witness: ‘I Received Direct Threats From a Hive User’ A former Steem witness, who is also a prominent member of Korea’s crypto community, spoke to Cointelegraph and shared proof that he received death threats from a Hive user ahead of Steem’s 0.23 hard fork.The former witness, who has requested to remain anonymous, told Cointelegraph that he stepped down shortly before the 0.23 hard fork… Leave a Reply You must be logged in to post a comment.Search.