Chainlink gains 66% in two months as the number of LINK holders increases

Chainlink gains 66% in two months as the number of LINK holders increases
фото показано с : invezz.com

2021-11-12 13:12

The crypto market has been making major gains over the past few weeks. On November 10, Bitcoin (BTC/USD) created a new all-time high of $69K, which has created much excitement across the crypto community. However, what has stood out during the recent bull market is the sudden rise of old cryptocurrencies.

Chainlink (LINK/USD) is one of the oldest coins in the market, and over the past two months, it has gained by around 66%. LINK currently sits at a two-month high, with the current uptrend coming from investor interest in these old coins.

Number of LINK holders increases 

On-chain metrics show that the number of old addresses holding LINK tokens was more than 158,900. These addresses have held LINK tokens for over one year. These addresses have held LINK tokens for around 3.8 years, showing that they have been long-term holders of these tokens.

On-chain metrics are usually used to analyze the total number of wallets associated with a token and how much these wallet addresses have grown. However, the number of wallet addresses associated with a coin can also show investor sentiments about a coin.

The wallet addresses mentioned in the on-chain data hold around 691 million LINK tokens. During the past month, the number of addresses holding LINK tokens has grown by around 3%.

The majority of LINK holders are currently in the profit zone because they bought their tokens years ago. 9% of LINK holders who recently opened their positions have started to break even. At the time of writing, LINK is trading at $36 after a 5.4% growth in 24 hours.

Litecoin is also gaining

As mentioned earlier, old cryptocurrencies seem to be regaining their momentum and popularity, and the other coin that has taken investors by surprise is Litecoin (LTC/USD). During the past week, Litecoin has gained by over 30% due to increased buying support. Currently, LTC is ranking as the 14th largest cryptocurrency by market cap.

The gains of these old coins have been attributed to inflation fears. Institutional investors are flocking the crypto space with a preference for older cryptocurrencies that have strong use cases.

The post Chainlink gains 66% in two months as the number of LINK holders increases appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto created gains usd bitcoin november btc

Источник: invezz.com

crypto created → Результатов: 126


New Listing of Whitelisted Crypto Companies Has Been Created In Russia

Services The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Japan Confirms Entrance Into the Crypto Space Whitelist of Crypto Firms The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a whitelist of crypto companies. The list includes firms in the field of

2018-7-16 09:08


Фото:

Zcash believes it can change flaws off crypto non-profits

The community panel voters, many of whom are not affiliated with the Zcash Foundation or the startup that created zcash, are clearly listed on the foundation’s online forum. Despite the bitter rivalries between crypto tribes, Cincinnati told CoinDesk his foundation would also gladly sponsor research related to other rival projects, such as monero. Whether that

2018-6-23 18:21


Фото:

Twitter Experience Worsens, Ether Fake Giveaways Taking Over

Fake ether token giveaways are clogging Twitter threads, and seemingly by the second. Targeting well-known ecosystem figures, doppelganger accounts are created, complete with matching avatars. A particularly active post can almost assuredly be counted on to receive seemingly organic calls for participation in free crypto programs hosted by the respective personality.

2018-6-12 14:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…

ABT token surges 26% to hit new all-time high

ArcBlock’s native token, ABT, has seen a significant surge in its market value, with a 26% rise over the last 24 hours, pushing the token to a new all-time high of $3.92. The latest surge in trading volume, which reached $31.8…

Q1 CoinShares most successful quarter in history with revenue up 216%

European crypto asset manager CoinShares has revealed that its revenue in Q1 increased by 216% since last year, with total comprehensive income increased by elevenfold. CoinShares, a European digital asset manager and crypto research firm, saw its “strongest quarter ever”…

Chinese authorities arrest six suspects in $300m crypto fraud case

Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into…

Celsius (CEL) rallies 360% following massive token burn

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…

NFT Trader loses $145k worth of BAYC to phishing attack 

An NFT trader recently lost over $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amid the growing rate of scam schemes that have plagued the cryptocurrencyo scene. On-chain security platform PeckShield brought attention to the…