Crypto

Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event? By Cointelegraph

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Since September, Chainlink (LINK) price has gained more than 25%, outperforming (BTC), (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins.

In September, LINK’s price surged by an impressive 35.5%, but in the month-to-date performance for October, LINK has faced a 10% correction. Investors are concerned that breaking the $7.20 support level may lead to further downward pressure, potentially erasing all the gains from the previous month.

Chainlink (LINK) 12-hour price index, USD. Source: TradingView
Chainlink price feeds revenue on Ethereum. Source: Dune Analytics & @ericwallach

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