The accumulation of ChainLink (LINK) cryptovoltaic currency continues, with the greatest interest being shown by major investors or so-called „whales“.
Researchers from the Santiment team Bitcoin Capital have published another review of this cryptographic project this week. It says that „whales“ have been actively buying up LINK tokens since January 2020.
Aggressive buying is observed at moments when coin values are falling. Since the beginning of the year, LINK has grown by more than 5% (+34.32 million coins). „Whales are clearly committed to long-term storage of altokoin.
On Sunday 1 November, LINK rose to $11.3 (+1.59%). The capitalisation of the crypt currency now stands at just over $4.386 billion. The coin is firmly on line six in the ranking of the largest digital assets.
The Santiment team’s report shows that investors are accumulating tokens despite the fact that many analysts doubt the potential of ChainLink.
One of the opponents of this cryptoproject is Zeus Capital. It used to call LINK a „bubble“ that is about to burst.
In the second half of October, analysts from the same company once again recalled the speculative nature of altokoin.
Zeus Capital expects the LINK price to correct in the very near future. As proof of their forecast, analysts pointed to the stagnation of the ChainLink crypt currency, which has been „trampling“ on the spot for several consecutive days.
The coin is traded below $12 amid a capital transition from altokoin to bitcoin. If this trend continues, we will see a rollback of LINK to $10 or even below in the coming days.