Chainlink: Market Panic Shaves 23% Off LINK Price – Details
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Chainlink's LINK token has dropped significantly, losing 23% of its value in the past 24 hours. This decline is part of a broader market trend influenced by external factors and private equity anxieties. Despite the current market challenges, Chainlink has announced new partnerships with Concero and Rivalz AI, aiming to enhance cross-chain interoperability and AI-driven data security.
The skepticism of Chainlink's relevance has been growing among its supporters. Despite this, the organization continues to secure positive news and partnerships that could potentially strengthen its ecosystem in the long term. However, the market sentiment and sell pressure remain significant obstacles.
Chainlink also experienced a substantial outflow of staked crypto, with a 20% decrease in total value locked (TVL). The current market environment, characterized by anxiety and fear, continues to hinder recovery efforts. Investors and traders are advised to exercise caution, as the market may continue its downward trend in the short to medium term.
Source: www.newsbtc.com ↗
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