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Chainlink imitates the broader altcoin market and dips 5% into the weekend<\/p>\n<\/div>\n<\/div>\n
According to data from CoinMarketCap<\/u><\/a>, Chainlink (LINK) has recorded a 5% drop in price, bringing the altcoin\u2019s 7-days consecutive losses to 10%, at the time of writing.\u00a0<\/p>\n Analysis from Santiment also notes that, interestingly, traders were still paying attention to the asset before the dip.\u00a0<\/p>\n \u201cThree social dominance spikes appeared for LINK, indicating traders were making moves. The latest occurred just as the price began rising again.\u201d Santiment explained in a tweet.<\/p>\n 🔗 #Chainlink<\/a>‘s market cap dropped ~5% Friday before bouncing just as the day’s trading (UTC time) closed. Three social dominance spikes appeared for $LINK<\/a>, indicating traders were making moves. The latest occurred just as the price began rising again. 👀 https:\/\/t.co\/uExbWHPLWw<\/a> pic.twitter.com\/9g6l7c5sIA<\/a><\/p>\n \u2014 Santiment (@santimentfeed) October 15, 2022<\/a><\/p><\/blockquote>\n The downswing in the assets\u2019 price has caused it to fall even further away from its October high of $7.92.\u00a0<\/p>\n Ads<\/p>\n<\/div>\n<\/div>\n In August, CoinMarketCap also showed that Link was towering $9, causing analysts to speculate a possible $10 price break. However, Link continued to sustain a continuous decline in trading volume, leading it to its current levels.\u00a0<\/p>\n Similarly, other leading altcoins have seen a notable drop in price since the start of this week and had closed off the week in losses. Cardano (ADA) <\/u><\/a>and Solana (SOL) are two of the highest losers, according to CoinMarketCap<\/u><\/a>, while Ethereum (ETH) and Ripple (XRP) <\/u><\/a>have only sustained mild daily losses.<\/p>\n<\/div>\n\n
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Broader altcoin market continues in a bloodbath\u00a0<\/h2>\n