• The cryptocurrency market has been consolidating over the past day, and no major gains have been made. However, LINK (LN) has defied the odds and gained by 8.3% in the last 24 hours.
• LN has reported trading volumes of $1.13 million over the past day, which are healthy volumes, given that many traders are choosing to stay away from the market because of fear and uncertainty.
• All the top-ten cryptocurrencies are trading in the red today, and the total crypto market cap has dipped slightly by 0.2% to $824 billion.
The cryptocurrency market has been in a state of consolidation over the past day, with no major gains being made. However, one token has managed to defy the odds and gain by 8.3% in the last 24 hours; LINK (LN). This token has outperformed most tokens in the market during this time, and is showing signs of significant buying pressure that could lead to further gains.
LN has reported trading volumes of $1.13 million over the past day, which are healthy volumes considering the current market conditions. This shows that traders are still showing interest in the token despite the fear and uncertainty prevailing in the cryptocurrency market. The total crypto market cap has dipped slightly by 0.2% to $824 billion, and all the top-ten cryptocurrencies are trading in the red today.
LN’s recent gains could be attributed to the exhaustion of the downtrend. The token is down by 87% over the past year, and if the bulls can continue to grow stronger and sustain the uptrend, LN will likely continue with the rally and possibly aim for $22. This could trigger a rally in other altcoins as well, and could see the market cap increase significantly.
The potential of LINK (LN) is immense, and traders should keep an eye on the token as it could be set for 10x gains if the market conditions continue to be favourable. The token is already showing signs of a possible breakout and could be a great investment opportunity in the coming days.