Ethereum-based oracle platform Chainlink (LINK) surpasses $23, which it has been trading under since October. In a recent tweet by Santiment, he says that the 19th-ranked altcoin project achieved this due to the negative opinion. Let’s take a look at the company’s latest analysis and on-chain metrics.
Altcoin has been at the center of “negative sentiment” since October
Santiment said that LINK crossed $23, which was due to negative investor sentiment. The on-chain analytics firm says that the negative outlook since October has set the stage for a FUD, and if the FUD around the altcoin project is fueled further, the LINK price may continue to rise. According to the Santiment data below, Chainlink is kicking out its negative emotions.
As for the yearly performance of the altcoin project, LINK hit ATH in May when Bitcoin skyrocketed above $63,000. In the process, Elon Musk announced that Tesla has suspended payments with Bitcoin. On LINK, it has since dropped to the ATH level at $52.88 on May 10. It hit a low of $13.78 on July 20 and after that, the highest LINK reached was $34 on September 6 and November 11.
Ethereum whale buys million LINK
cryptocoin.com According to WhaleStats data, which we have quoted as , the 128th largest Ethereum whale bought 45,999 LINK for $1,034,075. At this value, LINK takes the third largest share of the whale’s wallet. The giant wallet also includes the following altcoin projects:
- Ethereum: $302,199,360 (74,464 ETH)
- Tether: $33,408,654
- Chainlink: $1,034,075 (45,999 LINK)
- USDC: 5.890.050
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