LINK decouples from BTC, pumps 15%. Where's the top?

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Ibis
Apr 9, 2020

Takeaways:


  • Despite Bitcoin's plateauing, LINK has mustered double-digit gains in the past 24 hours and is up 38% for the week
  • Despite some mixed signals, LINK's on-chain and social data is now flashing a number of 'top' indicators
  • Assets covered: Chainlink (LINK)
  • Metrics used: Daily active addresses, Network growth, Exchange inflow, Holder distribution, Top transactions, Social volume, Emerging trends


A perennial altcoin darling, Chainlink (LINK) has slowly but steadily been climbing our list of Emerging Social trends today, sitting at position #4 at the time of this writing:

LINK climbing on our list of Emeging Trends on crypto social media (Source: Sanbase)

In fact, over the last 24 hours, Sanbase has recorded more than 690 new mentions of ‘link’ or ‘chainlink’ on crypto social media - the biggest spike in the project’s social volume since ‘Black Thursday’:

Mentions of 'link'

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Assets from this insight

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ChainLinkLINK

$ 3.87

0.42%in last 7d
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