RATE Group | Chainlink Blazing a Trail to All-Time High?
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Chainlink Blazing a Trail to All-Time High?

09 Oct Chainlink Blazing a Trail to All-Time High?

Posted at 08:30h in Cryptocurrency News by

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Chainlink (LINK) has been on fire, blazing its own trail independent from the rest of the market. The digital asset appears to be in the beginning stages of a strong uptrend on the charts, backed by a devoted community and several significant news headlines this year. 

Chainlink’s recent price action is notable because of its timing and independence from the rest of the crypto market. Sentiment around Bitcoin (BTC) has been noticeably bearish since its fall from a multi-month consolidation pattern on Sept. 24. Bitcoin is firmly positioned as the crypto market’s leading asset, meaning that overall market sentiment has been correspondingly bearish.

Additionally, altcoins often move together in price, depending on Bitcoin’s price and sentiment. Seeing the top market leaders, such as Ether and XRP, trend upward together is not out of the ordinary, especially if Bitcoin’s price also rises at the same time. Most altcoins, if they are moving at all, are currently fluctuating in…

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