The post Santiment Announced: This Altcoin Diverged Positively from Others – “For Every Transaction at a Loss, There Are 11 Transactions in Profit” appeared on BitcoinEthereumNews.com.

Cryptocurrency analysis company Santiment, in its latest analysis, found that one altcoin differs quite positively compared to others. According to the analysis company’s report, Chainlink (LINK) showed a much higher performance than the rise of other cryptocurrencies and exceeded the $ 17.50 level for the first time in 6 weeks. According to analysts, onchain data showed that for every 1 LINK transaction made at a loss, 11 LINK transactions made at a profit were detected. Santiment reported that this rate is the highest rate since December 8, 2022. LINK, the world’s 14th largest cryptocurrency, has been well-received by the approval of Ethereum Spot ETFs by the SEC. The price of the altcoin increased by nearly 8% in the last week. At the time of writing this article, the price of the altcoin is trading at $17.36. However, LINK price is still far from its all-time high price level. During the big bull of 2021, the LINK price briefly climbed to $52.88. This shows that the current price is 67% lower than the all-time high price level. In terms of market value, LINK is approximately 50% lower than the ATH level in 2021. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/santiment-announced-this-altcoin-diverged-positively-from-others-for-every-transaction-at-a-loss-there-are-11-transactions-in-profit/

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Filed under: News - @ May 26, 2024 7:10 am