BAT and LINK both managed to survive the crypto market bloodbath today after Bitcoin triggered a slide across most of the altcoins. Now, let’s take a closer look at the Chainlink news below and see what the analysts say.
This is not the first time that BAT and LINK have managed to take shelter and shield from the trend. Usually, there is a handful of tokens that survive the red tide but especially in the case of LINK, this was probably not a coincidence. Chainlink already had an altcoin season while most of the altcoins were stagnating. Not to mention, it also went for an all-time high against Ethereum (ETH) in the past 24 hours.
Both of the tokens have significantly higher adoption rates. BAT is on offer through Coinbase, and LINK has a robust presence on Binance. Both of the projects have rare characteristics in the crypto space and in that they seem to have a working product. In the case of BAT, the token is used within the Brave browser and has a utility as an internet advertising tool. The Brave Browser also gained more than 8 million active monthly users which are undoubtedly helping boost the success of the altcoin.
Chainlink has achieved multiple partnerships in providing oracle services to multiple projects including Oracle and Google. This was one of the reasons the token established itself as one of the most useful blockchain-based projects. However, both of the assets have exhibited massive volatility. The analysts see a pattern of a pump and dump activity especially in the case of LINK. The token remained highly reliant on the Binance trading activity where most of the volumes are concentrated. The project is also boosted by the presence of Coinbase Pro.
LINK currently trades at $2.69 which is an increase of about 3.5 percent in a day and more than 12 percent net since last week. There is no clear promise but Link can head for a Coinbase listing, increasing its liquidity. BAT traded at $0.24 adding 10 percent in the past few days. The token spiked above $0.43 during the most recent rally in the spring and it looks like repeating the upwards trend with little growing trading volumes.
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