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Popular Altcoin Chainlink Gains Acceleration This Weekend

Popular Altcoin Chainlink Gains Acceleration This Weekend

Popular altcoin Chainlink ( LINK ) fighters have won the match but haven’t won the war yet. Chainlink, the decentralized price oracle with thousands of hardcore fans, has increased by 11.02% in the last 24 hours at the time of writing to its current price of $ 15.40. It was trading at $ 13 on weekdays.

Chainlink’s price chart for 1 month. Source: Coinmarketcap

This is the third weekend when Chainlink’s price has risen significantly. But there is a good reason for traders not to be overjoyed right away – last week Chainlink had reached nearly $ 20 before suddenly dropping on Monday. It had been in a bearish trend ever since. You can think of this recent price increase as the boxer who took a big hit, standing up again.

Chainlink had risen on the news of the Barstool founder buying

However, now the price has rebounded, but Barstool Sports CEO Dave Portnoy relentlessly pumped the crypto money last week, after which he announced that he was done with the cryptocurrency . Portnoy reported that he received 50 thousand dollars of Chainlink. Then he lost $ 25,000. However, the price has not reached $ 20 and Chainlink has not yet exceeded this level. Dave Portnoy Chainlink did not neglect to call his users “weak”.

Chainlink; Bitcoin is the fifth most popular cryptocurrency by market cap after Ethereum, XRP and Tether. Indeed, it has come to the fore after the DeFi (decentralized finance) boom this summer. Traders spend another $ 1 billion on their protocols almost every week.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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