An On-Chain Analysis of Chainlink

Written by jrodthoughts | Published 2019/10/24
Tech Story Tags: chainlink | cryptocurrency | ethereum | intotheblock | altcoin | altcoin-analysis | latest-tech-stories | link-token

TLDR Chainlink(LINK) has been one of the best performant crypto assets in 2019 and one that remains an enigma for most crypto investors. An analysis of it’s on-chain behavior reveals some very interesting insights that provide a more clear perspective of the future performance of this crypto-asset. Chainlink is a protocol to streamline the integration of external data into smart contracts. Over 74% of Chainlink investors are in the green which makes for a healthy ecosystem. Over 11,000 addresses bought at an average price of $3.54 which could represent the next major level of resistance for a LINK price rally.via the TL;DR App

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Written by jrodthoughts | Chief Scientist, Managing Partner at Invector Labs. CTO at IntoTheBlock. Angel Investor, Writer, Boa
Published by HackerNoon on 2019/10/24