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Chainlink Token Down 60% in Under 40 Days: Opponents Ask If the Bubble Has Finally Burst?

After reaching an all-time high of $19.20 on August 14, the Chainlink token now trades lower after losing more than 50% in value in just over a month. The token, which briefly overtook Bitcoin Cash as the fifth-ranked crypto in market capitalisation terms, was ranked 9th on Markets.Bitcoin.com at the time of writing. On the surface, the token’s fall appears to be in sync with the rest of the crypto market, which has been dropping since Monday, September 6. Yet opponents of Chainlink insist there is more to Link’s fall than just the current bearish market trends. They point to…

Continue Reading Chainlink Token Down 60% in Under 40 Days: Opponents Ask If the Bubble Has Finally Burst?

Analyst: Chainlink Is Another Altcoin Bubble as Price Crashes 20% in 48 Hours

Chainlink is a bubble that is waiting to burst, and the token will eventually lose 99% of its value, according to crypto investor and analyst ‘Cryptowhale’. The warning comes as the price of Link tumbled 23% to $15.41 in 48 hours. Cryptowhale this week told his 28,000 Twitter followers that there are parallels with what is happening now to chainlink (LINK) and what happened with altcoins in 2017, the year of the historic cryptocurrency bull run. An altcoin is any other cryptocurrency, which is not bitcoin (BTC). With a market capitalization of $5.8 billion, chainlink is the world’s fifth largest…

Continue Reading Analyst: Chainlink Is Another Altcoin Bubble as Price Crashes 20% in 48 Hours

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