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Santiment Announced: This Altcoin Diverged Positively from Others – “For Every Transaction at a Loss, There Are 11 Transactions in Profit”

source-logo  en.bitcoinsistemi.com 25 May 2024 11:48, UTC

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.