coinedition.com
One of the cryptocurrencies in the green for the day so far is Chainlink (LINK). The crypto market tracking website CoinMarketCap reveals that LINK is currently trading at $5.97 after a 0.43% increase in price over the last 24 hours. The altcoin was also able to reach a high of $6.01 over the same time period. The crypto is, however, still down by more than 95 over the last seven days.
LINK was also able to strengthen against the biggest crypto in the market, Bitcoin (BTC) and Ethereum (ETH) by about 0.40% and 0.20% respectively over the last day. LINK’s 24 hour trading volume, however, is in the red zone and now stands at $133,213,506 after a more than 24% decrease.
With its market cap of $3,030,899,177, LINK is currently the 22nd biggest crypto in the market in terms of market capitalization. This places the crypto right behind Toncoin (TON) in the 21st position and right behind Monero (XMR) which is ranked 23rd on the list of the biggest cryptos.
In related news, the on-chain data and analytics provider CryptoQuant took to Twitter early on December 22 to share some data about LINK. According to the post, LINK’s active sending addresses have hit a new all-time high of 46,148. However, its active receiving addresses did not show any significant increase.
CryptoQuant concluded the post by stating that something like this usually occurs when multiple addresses deposit to central exchanges.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.