Chainlink retains its position as the 5th biggest crypto project by market capitalization as it rails another 4% today. However, investors beginning to become unsettled as regarding the future of the coin.
Investors of LINK are unsure about the outcome of the ongoing rally, according to Santiment.
A new market cap all-time high of 8.2 million deposits was attained following the number of LINK deposits into digital currency exchanges, which resulted in LINK ATH of 15USD. LINK holders are now transferring their crypto to exchanges to make profits just like the previous time an all-time high of this magnitude was documented when it was priced at $4.51.
On the 13th of August, Santiment published that number of active holders of the coin dropped to 20,800 five days after the ATH of 22,600.
LINK's price race has still not reduced regardless of these signs. Appreciation goes to incoming investors. Analysis from CoinMarketCap.com indicates that LINKs market capitalization is over $6 billion after it hits a new ATH today at $18.37.
In the past two weeks, the cost of the crypto has surged over 124% from $7.84 on the 31st of July to $17.36.
The squash of smart contracts in exchanges, and huge demands of yield farmers making an effort to get hold of YAM before it failed earlier today, are factors that may have pushed LINK to attain a new ATH, as announced by Cointelegraph.
Source: Cointelegraph
